Companies Ammended Act 2009 - Section 7
Amendment of section 40 of Act of 1990.
7.—The following section is substituted for section 40 of the Act of 1990:
“Criminal penalties for breach of section 31.
40.-If a company enters into a transaction or arrangement that contravenes section 31, every officer of the company who is in default shall be guilty of an offence.”.