Section 49
Furnishing false or misleading information
of Securities Industry (Central Depositories) Act 1991
ActIn forceProvision 55 of 78
Section 49
(1)
Any person who furnishes any information which he knows to be false or misleading in a material particular or recklessly furnishes any information which is false or misleading in a material particular—
(a)
for the purpose of, or in connection with, any application under this Act; or
(b)
in purported compliance with any requirement imposed on him by or under this Act, shall be guilty of an offence.
(2)
Any person who is guilty of an offence under this section shall, on conviction, be liable to a fine not exceeding one million ringgit or to imprisonment for a term not exceeding ten years or to both.