Law Amending the Transfer of Immoveable Property Restriction Law (The State Peace and Development Council Law No. 1/2005).

This Law amends administrative and legal proceedings of the Transfer of Immoveable Property Restriction Law. In particular, it specifies that if any person who is responsible for registering immoveable property under section 8 or section 9 fails to register or willfully makes false statement in registration or makes concealment, he shall, on conviction be punished with imprisonment for a minimum term or one year to a maximum term of three years, and the immoveable property involved in the offence shall also be confiscated.