Companies Act, 1963

Penalty for false statements.

380.—If any person in any return, report, certificate, balance sheet or other document required by or for the purposes of any of the provisions of this Act specified in the Tenth Schedule, wilfully makes a statement false in any material particular, knowing it to be false, he shall be liable

(a) on conviction on indictment, to imprisonment for a term not exceeding 3 years or a fine not exceeding £500 or both; or

(b) on summary conviction, to imprisonment for a term not exceeding 6 months or a fine not exceeding £100 or both.