Section 19: False and misleading statements to Commission
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
19. False and misleading statements to Commission
(1) No person shall, in connection with an application submitted to the
Commission for a licence including a Global Business Licence—
(a) make or procure the making of a statement to the Commission
which he knows or ought reasonably to know is false or misleading;
(b) omit to state any matter to the Commission where he knows or
ought reasonably to know that, because of the omission, the
application is misleading in a material respect.
(2) Any person who contravenes subsection (1) shall commit an offence
and shall, on conviction, be liable to a fine not exceeding 500,000 rupees
and to imprisonment for a term not exceeding 5 years.