Companies Act, 1990
Criminal penalties for breach of section 31 . |
40.—(1) An officer of a company who authorises or permits the company to enter into a transaction or arrangement knowing or having reasonable cause to believe that the company was thereby contravening section 31 shall be guilty of an offence. | |
(2) A person who procures a company to enter into a transaction or arrangement knowing or having reasonable cause to believe that the company was thereby contravening section 31 shall be guilty of an offence. | ||
Disclosure of transactions involving directors and others |