§ 84 Breach of duty to give notification of losses

(1) Whoever, in their capacity as director, fails to notify the shareholders of a loss in the amount of half of the share capital incurs a penalty of imprisonment for a term of no more than three years or a fine.

(2) Where the offender acts negligently, he or she incurs a penalty of imprisonment for a term of no more than one year or a fine.

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