Clause 58
Amendment of section 157
of Corporate and Accounting Laws (Amendment) Bill
BillNot in forceProvision 57 of 156
Clause 58
In the Companies Act, in section 157(3), replace paragraph (b) with —“(b)guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 12 months or to both.”.