Section 84:

84. Commission may direct issues of securities to cease (1) Where the Commission is satisfied that a prospectus or other disclosure document in relation to a distribution of securities filed with or registered by the Commission contravenes this Act, any regulations made under this Act or any FSC Rules, it may give a direction that no offer, issue, or trade of the securities shall be made or that any offer, issue or trade of securities shall cease. (2) Before giving the direction, the Commission shall give the issuer of the prospectus a reasonable opportunity to make written representations to the Commission on the matter. (3) Where the Commission considers that a delay in making an order under subsection (1) would not be in the public interest, it may give an interim direction under subsection (1). (4) Subsection (2) shall not apply to an interim direction, but an interim direction shall last for 21 days unless earlier revoked. (5) The Commission may, at any time, revoke a direction or interim direction under this section. (6) A direction and an interim direction shall be in writing and shall be served on the person ordered not to offer, issue, sell or transfer securities. (7) Any person who refuses or fails to comply with a direction or an interim direction served on him under subsection (6) 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. (8) Notwithstanding subsection (7), where any person fails to comply with a direction or an interim direction under this section, that person shall commit a separate offence for each day for which the direction or interim direction is not complied with, and shall, on conviction, be liable to a fine of 5,000 rupees per day.