Section 332: False statements

332. False statements (1) Any person who, with respect to a document required by or for the purposes of this Act— (a) makes, or authorises the making of, a statement that is false or misleading in a material particular knowing it to be false or misleading; or (b) omits, or authorises the omission of, any matter knowing that the omission makes the document false or misleading in a material particular, shall commit an offence and shall, on conviction, be liable to a fine not exceeding 1,000,000 rupees and to imprisonment for a term not exceeding 5 years. (2) Any director or employee of a company who knowingly makes or furnishes, or authorises or permits the making or furnishing of, a statement or report that relates to the affairs of the company, that is false or misleading in a material particular, to— (a) a director, employee, auditor, shareholder, debenture holder, or trustee for debenture holders of the company; (b) a liquidator, liquidation committee, or receiver or manager of property of the company; (c) where the company is a subsidiary, a director, employee, or auditor of its holding company; or (d) a securities exchange or an officer of a securities exchange, shall commit an offence and shall, on conviction, be liable to a fine not exceeding 1,000,000 rupees and to imprisonment for a term not exceeding 5 years. [Issue 10] C35 – 196 Revised Laws of Mauritius (3) For the purposes of this section, a person who voted in favour of the making of a statement at a meeting is deemed to have authorised the making of the statement. [S. 332 amended by s. 156 (1) (j) of Act 22 of 2005 w.e.f. 28 September 2007.]