Skip to content
Back to the text

Companies Act 1967 · s 402

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?

The text as we hold it

Open the official text

s 402False statements or reports

(1)

An officer of a corporation who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to —

(a)

a director, auditor, member, debenture holder or trustee for debenture holders of the corporation; or

(b)

in the case of a corporation that is a subsidiary, an auditor of the holding company,relating to the affairs of the corporation, 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.

(2)

In subsection (1), “officer” includes a person who at any time has been an officer of the corporation.