Co-operative Societies Act 1979 · 2020 Revised Edition · Part 9 · Miscellaneous
100BA. False or misleading statement or information to induce person to join society, etc.
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Any member or officer of a society shall be guilty of an offence, and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both, if that member or officer —
member
“member” includes an individual person or institution qualifying for membership in a co-operative society, who or which join in the application for the registration of a society, and an individual person or institution admitted to membership after registration in accordance with this Act, the Rules and the by-laws;
makes or disseminates any statement that is false or misleading in a material particular, with the intention of inducing another person —
to become a member of the society; or
society
“society” means a co-operative society registered under this Act and includes a primary society, a secondary society and an apex organisation;
to enter into any contract, transaction or arrangement with the society for the benefit of the society or its members; and
at the time the statement is made or disseminated, knows that, or is reckless as to whether, the statement is false or misleading in a material particular.