Section 40: Loss or theft of firearms
consolidated text (as at 2014, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
40. Loss or theft of firearms
(1) Where a firearm is lost by, or stolen from, a person in whose possession it was, such person shall, within 48 hours of its disappearance, report
the loss or theft to the nearest police station.
(2) Any person who fails to report a loss or theft as required by subsection (1) shall commit an offence and shall, on conviction, be liable to a fine
not exceeding 50,000 rupees.
(3) Where it is established that the firearm was lost or stolen as a result
of negligence or recklessness of a firearm licensee or the person in whose
possession the firearm was, the firearm licence relating to the firearm shall
be cancelled, and the firearm licensee and person in whose possession the
firearm was, whether he was the licensee or not, shall not be granted a firearm licence unless the Commissioner directs otherwise.