Section 55, 2 The Cyber Security qnd Crine Act 2021

(l) Without prejudice to any contractual agreementbetween an employer and employee, an employee shall relinquish or surrender all codes and access rights to his employer within a reasonable time in his possession, power or coDtrol upon disengagement fr om employment. @) An employee who, without any lawful reason, continues to hold unto the code or access right ofhis employer after disengagement without any lawful reason commits an offence and shallbe liable on conviction to a fine not iess than Le 10,000,000 and not more than l-e 30,000,000 or to a term of imprisonment noi less than I year and not exceeding 3 years or to both such fine and imprisonment and in the case of a corporation, partnership, or association, to a fine nol less than Le50,000,000 andnot exceeding k 1m,000,000 56. 0) A natural person, who exercises management or supervisory authority, based on- (a) power of representation ofa lcgal person; (b) authoriry to take decisions on behalfofa legal person; Corporale liability. No. 7 The Cyber Security and Ctime Act 202r 1t (c) authority to exercise control within a legal person, acting either individually or as part ofan organ ofthe legal person, and fails to exercise reasonable and proper conrol over such legal person comrnits an offence underthisAct, and is liable on conviction to a fine ltot less than L€ 10,000,000 and not more than Le 30,000,000 or to a term of imprisonment not less than I year and not exceeding 3 yea6 or to both such fine and imprisonment and in the case of a corporation, parheBhip, or association, to a fine nol less than Le I 00,000,000 and not exceeding f€ 250,000,000. (2) Where a natural person commits a criminal offence under this Act, for the benefrt of a legal person, due to the lack of supervision or control by a natural person, the legal person shall be liable for the offence under this Act.