Companies Act · s 63

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s 63Penalty on concealmer~t of name of creditor

If any director, manager, secretary or other officer of the company -

(a)

wilfully conceals the name of any creditor entitled to object to the reduction;

(3)

wilfully misrepresents the nature or amount of the debt or claim of any creditor; or

(c)

aids, abets or is privy to any such concealment or misrepresentation as aforesaid, he is guilty of an offence and liable on conviction to a fine and imprisonment for one year.

SUBSTANTIAL SHAREHOLDINGS

[s 33/2016]