Prohibition on giving false statements by officers - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, April 4, 2014

Prohibition on giving false statements by officers

Prohibition on giving false statements by officers

If any officer, knowingly giving false statements in a general meeting of a company, about the actual financial situation of the company, encourage to distribute higher dividend to the shareholders of the company than that can be distributed from the profits, thereby affecting the capital of the company, the officer giving such false statements shall be personally liable for such act.

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