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C-38 - Companies Act

Section 108
Disposition versions

Full text
108. (1)  Every director, officer or employee of the company
(a)  who refuses to exhibit the books and registers mentioned in sections 104 and 105 or to allow the said books and registers to be inspected and extracts taken therefrom; or
(b)  who, knowingly, makes or assists in making any untrue entry in any such books and registers mentioned in sections 104, 105 and 107, or who refuses or neglects to make any proper entry therein,
shall be liable to a fine of $100 for every such untrue entry and for every such refusal or neglect, and shall be responsible for any injury resulting from the losses which any interested party may have sustained from such acts and omissions.
(2)  Every company which neglects to keep any such books or registers as aforesaid shall be liable to a penalty of not more than $20 for each day that such neglect continues, and also in damages for all loss or injury which any party interested may have sustained thereby.
R. S. 1964, c. 271, s. 105; 1999, c. 40, s. 70.
108. (1)  Every director, officer or servant of the company
(a)  who refuses to exhibit the books and registers mentioned in sections 104 and 105 or to allow the said books and registers to be inspected and extracts taken therefrom; or
(b)  who, knowingly, makes or assists in making any untrue entry in any such books and registers mentioned in sections 104, 105 and 107, or who refuses or neglects to make any proper entry therein,
shall be liable to a fine of $100 for every such untrue entry and for every such refusal or neglect, and shall be responsible for the damages resulting from the losses which any interested party may have sustained from such acts and omissions.
(2)  Every company which neglects to keep any such books or registers as aforesaid shall be liable to a penalty of not more than $20 for each day that such neglect continues, and also in damages for all loss or injury which any party interested may have sustained thereby.
R. S. 1964, c. 271, s. 105.
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