Rule 1.24 False representations, etc.
(1)
A person being a past or present officer of a company commits an offence if he make any false representation or commits any other fraud for the purpose of obtaining the approval of the company's members or creditors to a proposal for a voluntary arrangement under Part I of the Act.
(2)
For this purpose “officer” includes a shadow director.
(3)
A person guilty of an offence under this Rule is liable to imprisonment or a fine, or both.