Insolvency Act · 2022 Revised Edition · Part 2
16. False representations etc.
Official textFrom Attorney General's Chambers, unchanged
If, for the purpose of obtaining the approval of the members or creditors of a company to a proposal for a voluntary arrangement, a person who is an officer of the company —
company
“company” means a company incorporated or registered under the Companies Act;
makes any false representation; or
fraudulently does, or omits to do, anything, he is guilty of an offence and liable on conviction to a fine not exceeding
$10,000, imprisonment for a term not exceeding 2 years or both.
Subsection (1) applies even if the proposal is not approved.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
voluntary arrangement
Defined · s 3“voluntary arrangement” means the voluntary arrangement described in section 8.
Part 3
Part
Judicial Management
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part