Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2006 - onwards
  Version 2 of 2    

49. New section 25D in Principal Act.

The following section is inserted in the Principal Act after section 25C:

"25D. Liability of officers of bodies corporate.

(1) Where -

(a) an offence under this Act is committed by a body corporate, and

(b) it is proved to have been committed with the consent, connivance or approval of, or to have been attributable to any neglect on the part of, a person who -

(i) was a director, manager, secretary or other officer of the body corporate, or

(ii) was a person purporting to act in any such capacity,

that person, as well as the body corporate, is guilty of an offence and liable to be proceeded against and punished as if the person were guilty of the first-mentioned offence.

(2) Where the affairs of a body corporate are managed by its members, subsection (1) of this section applies in relation to the acts and defaults of a member in connection with the member’s functions of management as if the member were a director or manager of the body corporate.

(3) The foregoing provisions apply, w

Comparing proposed amendment...