Section 518, The Companies Act, 2009

(1) Any person who, with respect to a document requiredby or for the purpose of this Act– (a) makes, or authorises the making of, a statement that is false or misleading in a material particular knowing it to be false or misleading; (b) omits, or authorises the omission from it, any matter knowing that the omission makes the document false or misleading in a material particular, commits an offence, and is liable on conviction to a fine not exceeding Le8,000,000 or to a term of imprisonment not exceeding 3 years or to both the fine and imprisonment (2) Every director or employee of a company who makes or furnishes, or authorises or permits the making or furnishing of a statement or report that relates to the affairs of the company and that is false or misleading in a material particular to– (a) a director, employee, auditor, shareholder, debenture holder, or trustee for debenture holders of the company; (b) a liquidator, or liquidation committees of property of the company; (c) if the company is a subsidiary, a director, employee, or auditor of its holding company; (d) a stock exchange or an officer of a stock exchange, knowing it to be false or misleading, commits an offence, and is liable on conviction to a fine not exceeding Le8,000,000 or to imprisonment for a term not exceeding 2 years or to both the fine and imprisonment. (3) For the purposes of this section, a person who voted in favour of the making of a statement at a meeting is deemed to have authorised the making of the statement. (4) If any person, on examination on oath authorised under this Act, or in any affidavit or deposition in or about any matter arising under this Act, wilfully gives false evidence he shall be guilty of perjury.