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.”.

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