Liability of directors etc. acting without authority[11]
182 Liability of directors etc. acting without authority[11]
Every director manager or officer of a company and every person acting for another who knowingly takes part in or is in any way privy to doing or who attempts to do any act or thing without authority which if authorized would be in contravention of any of the provisions of this subdivision shall be guilty of an indictable offence, and shall—
S. 182(a) amended by Nos 9554 s. 2(2)(Sch. 2 item 54), 36/1988 s. 8(f)(i)(ii), 25/1989 s. 20(f), 49/1991 s. 119(1) (Sch. 2 item 48), 48/1997 s. 60(1)(Sch. 1 item 68).
be liable if a corporation to a level 5 fine and if any other person to level 5 imprisonment (10 years maximum) or a level 5 fine or both.
S. 182(b) repealed by No. 36/1988 s. 8(f)(iii).
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S. 183 repealed by No. 10260 s. 114(Sch. 4 item 4).
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No. 6103 s. 184.
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