Acts and Regulations

C-13 - Companies Act

Section 126.1
Disposition versions

Full text
Offence and penalty
126.1(1)A person who knowingly makes or assists in making a report, return, notice, statement or other document required by this Act or the regulations to be sent to the Director that
(a) contains an untrue statement of a material fact, or
(b) omits to state a material fact required therein or necessary to make a statement contained therein not misleading in light of the circumstances in which it was made,
commits an offence punishable under Part II of the Provincial Offences Procedure Act as a category F offence.
126.1(1.1)If the person who commits an offence under subsection (1) is a company, then, whether or not the company has been prosecuted or convicted, any director or officer of the company who knowingly authorizes, permits or acquiesces in the commission of that offence, commits an offence punishable under Part II of the Provincial Offences Procedure Act as a category F offence.
126.1(2)No person commits an offence under subsection (1) or subsection (1.1) if the untrue statement or omission was unknown to him and in exercise of reasonable diligence could not have been known to him.
1981, c.12, s.13; 2002, c.15, s.24; 2002, c.29, s.3
Offence and penalty
126.1(1)A person who knowingly makes or assists in making a report, return, notice, statement or other document required by this Act or the regulations to be sent to the Director that
(a) contains an untrue statement of a material fact, or
(b) omits to state a material fact required therein or necessary to make a statement contained therein not misleading in light of the circumstances in which it was made,
commits an offence punishable under Part II of the Provincial Offences Procedure Act as a category F offence.
126.1(1.1)If the person who commits an offence under subsection (1) is a company, then, whether or not the company has been prosecuted or convicted, any director or officer of the company who knowingly authorizes, permits or acquiesces in the commission of that offence, commits an offence punishable under Part II of the Provincial Offences Procedure Act as a category F offence.
126.1(2)No person commits an offence under subsection (1) or subsection (1.1) if the untrue statement or omission was unknown to him and in exercise of reasonable diligence could not have been known to him.
1981, c.12, s.13; 2002, c.15, s.24; 2002, c.29, s.3