SAY WHAT 7.6.4 False Information
Pursuant to Section 1309 of the Act, it is an offence for an officer or employee to
make available or give information to a director, auditor, member, debenture holder,
or trustee for debenture holders of the company that is to the knowledge of the
officer or employee:
(a) False or misleading in a particular manner; or
(b) Has omitted from it a matter the omission of which renders the information
misleading in a material
If a breach is proven, Part 9.4 of the Act provides for criminal penalties only.
Therefore, any breaches of Section 1309 of the Act will not result in any recovery by
a Liquidator.
My preliminary investigations do not reveal any evidence of any
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