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Section 27: Offences and penalties

Investment Promotion Act · PART VI: MISCELLANEOUS

consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

27. Offences and penalties (1) Any person who contravenes this Act or any regulations made under it shall commit an offence and shall, on conviction, be liable to a fine not exceeding 100,000 rupees and to imprisonment for a term not exceeding 3 years. (2) Any person who, for the purposes of this Act, gives any information, particulars or documents or makes any statement which is false or misleading in any material particular shall commit an offence and shall, on conviction, be liable to a fine not exceeding 500,000 rupees and to imprisonment for a term not exceeding 5 years.

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