False statement liability triggers consequences when required corporate documents contain material falsehoods or deliberate omissions. If any return, report, certificate, financial statement, prospectus, statement or other document required under the Act contains a statement that is false ... Summary
False statement liability triggers consequences when required corporate documents contain material falsehoods or deliberate omissions.
If any return, report, certificate, financial statement, prospectus, statement or other document required under the Act contains a statement that is false in any material particulars knowing it to be false, or omits any material fact knowing it to be material, the responsible person shall be liable under section 447.
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