Section 60

signs any documents lodged with the Director General under section 41 or 42, or under subsection (1) (a) (i) of section 53; or

furnishes the Director General with any information under or for the purposes of any other provision of this Act, shall use due care to secure that the document or information is not false in any material particular; and if he does not use care in this behalf and the document or information is false in a material particular, he shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit or to imprisonment for a term not exceeding six months or to both.

Any person who breaches any duty imposed on him by or by virtue of this Act or any regulations made under this Act as being or having been an operator, takaful broker or adjuster shall be guilty of an offence and shall, in a case where no other penalty is provided for by this Act or regulations made under this Act, be liable on conviction to a fine not exceeding two thousand ringgit and to a daily fine not exceeding two hundred ringgit.

Where an offence under this Act is committed by any company or body corporate, any person who at the time of the commission of the offence is a director, manager, secretary or other similar officer of that company or body, or is purporting to act in that capacity, shall be guilty of the offence unless he proves that he exercised all such diligence to prevent the commission of the offence as he ought to have exercised, having regard to the nature of his functions in that capacity and to all the circumstances.

Where an offence under this Act is committed by a company or body corporate, being an offence consisting in the breach of a duty imposed only on companies and bodies corporate, any individual guilty of the offence (whether by virtue of subsection (3) or otherwise) shall on conviction be liable to imprisonment for a term not exceeding six months in addition to or in substitution for any fine.

For the purpose of any proceedings under subsection (1) (a) a document purporting to be signed by any person shall be presumed to have been signed by him, unless the contrary is proved.

Compounding of offences.