Company director convicted for giving false or misleading information to Companies Registry
The case relates to false information provided by the defendant in the application form which was lodged with the CR for deregistration of the Company. Contrary to the certification made by the defendant in the application form that the Company was not a party to any legal proceedings and that it had no outstanding liabilities, the Company was reported to be the defendant in a High Court proceeding and there was an adverse costs order granted against the Company.
"The ruling helps disseminate a strong message to all companies and their officers that they have the responsibility to ensure that the information given to the Registrar must not be false or misleading. Any provision of false or misleading information to the CR may attract a fine of $300,000 and imprisonment for up to two years," a spokesman for the CR said.