THE COMPANIES ORDINANCE, 1972

Offences

334.-—(1) If any person in any application, return, report, certificate, annual accounts or other document, required by or for the purposes of any of the provisions of this Ordinance, knowingly makes a statement false in any material particular, or makes such a statement not believing it to be true, he shall be guilty of an offence punishable by b fine not exceeding ten thousand rupeec or to imprisonment for not more than two years, or to both such fine and imprisonment.

(2) Nothing in this section shall affect the provisions of any other section of this Ordinance which creates an offence or offences, and the offences created by this section shall be in addition to such other offences.

335. If any person or persons trade or carry on business under any name or title of which "Limited", or any contraction or imitation of that word, is the last word, that person or those persons shall, unless incorporated under this Ordinance or deemed to be so incorporated by section 322, be guilty of an offence punishable by a fine of one hundred rupees for every day upon which that name or title has been used.

336.—(1) Where by any provision of this Ordinance it is provided that a company, or a director or officer of a company, or any other person, who is in default shall be liable to a default fine, every such company, director, officer or other person shall, for every day during which the offence or contravention continues, be liable to a fine not exceeding such amount as is specified in the said provision, or, if the amount of the fine is not so specified, to a fine not exceeding one hundred rupees.

(2) For the purpose of any provision of this Ordinance which provides that a director or officer of a company, or any other person, who is in default shall be liable to a fine or penalty, the expression "in default" means committing, authorising, concurring in or permitting the offence or contravention mentioned in the provision, and it shall be presumed that every director or officer of the company in respect of which an offence is committed permitted the offence or contravention, unless he satisfies the court that he neither committed, authorised or concurred in the commission of the offence or contravention, nor could, by the exercise of reasonable diligence, have prevented its commission.

337.—(1) If on an application made to the court by the Attorney-General, the Registrar or a police officer of or above the rank of Assistant Superintendent, there is shown to be reasonable cause to believe that any person has, while a director or other officer of a company, committed an offence in connection with the management of the company's affairs and that evidence of the commission of the offence is to be found in any books or papers of or under the control of the company, an order may be made—

(a)   authorising any person named therein to inspect the said books or papers or any of them for the purpose of investigating and obtaining evidence of the offence ; or

(b)   requiring the secretary of the company or such other officer thereof as may be named in the order to produce the said books or papers or any of them to a person named in the order at a place so named.

(2) An auditor of a company shall for the purposes of this section be deemed to be an officer of the company.