Section 316, The Companies Act, 2009

(1) An officer of a company is guilty of an offence if heknowingly or recklessly makes to a company’s auditors a statement (whether written or oral) which– (a) conveys or purports to convey any information or explanation which the auditors require, or are entitled to require, as auditors (b) is misleading, false, or deceptive in a material particular. (2) A person guilty of an offence under this section shall be liable to a term of imprisonment not exceeding one year or to a fine not exceeding Le5,000,000 or both the fine and imprisonment. PART XIII–ANNUAL RETURNS