Finance Companies Act · s 36

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s 36Holding out as finance company

Where any public or private company or firrn holds itself out to be a licensed finance company when it is not licensed under this Act, such company or firm is guilty of an offence against this Act and every director.

manager or every officer of such company and the proprietor or every partner or officer of such firm, unless he proves that such holding out by the company or firm was made without his knowledge or consent. is guilty of an offence and liable on conviction to a fine of $20,000 and imprisonment for 5

years.

Finance Companies

CAP. 89 39