False statements and document tampering result in fraud liability for examined persons and company officers under the statute. Where a person required to explain or give a statement in the course of inspection, inquiry or investigation, or an officer or employee of a company under investigation, destroys, mutilates, falsifies, conceals, tampers with or unauthorisedly removes documents relating to the company's property, assets or affairs, makes or is party to false entries in company documents, or provides an explanation that is false or known to be false, that conduct is treated as fraud and punishable under the fraud provision referenced in the instrument.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
False statements and document tampering result in fraud liability for examined persons and company officers under the statute.
Where a person required to explain or give a statement in the course of inspection, inquiry or investigation, or an officer or employee of a company under investigation, destroys, mutilates, falsifies, conceals, tampers with or unauthorisedly removes documents relating to the company's property, assets or affairs, makes or is party to false entries in company documents, or provides an explanation that is false or known to be false, that conduct is treated as fraud and punishable under the fraud provision referenced in the instrument.
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