Chapter 15 — Offences and Penalties
1–6 of 6 provisions
Section 235 — Offences Committed by the Company
Chapter: 15 — Offences and Penalties
(a) A company commits an offence if it— (1) fails to submit an amendment to its Memorandum of Association or Articles of Association for registration in the Registrar’s register as required under section 50(a) of this Act; (2) fails to submit a change of name to the Registrar for registration…
Text status: Unofficial English translation.
Section 236 — Offences Committed by Directors
Chapter: 15 — Offences and Penalties
(a) A director of a company commits an offence if the director— (1) fails to submit a change of name to the Registrar for registration after the company has been directed to do so under section 72(b) of this Act; (2) fails to maintain the Register of Members as required under section 82(a) of…
Text status: Unofficial English translation.
Section 237 — Offences Committed by the Managing Director
Chapter: 15 — Offences and Penalties
(a) A Managing Director commits an offence if the Managing Director— (1) fails to submit the Directors’ Report to the Registrar in accordance with section 186 of this Act; or (2) fails to submit the annual financial statements of the company to the Registrar in accordance with section 187 of this…
Text status: Unofficial English translation.
Section 238 — Offences Committed by Other Parties
Chapter: 15 — Offences and Penalties
(a) A person commits an offence if— (1) being a member of a company who is not the beneficial owner of a share, the person fails to comply with the obligation under section 177(a) of this Act to provide the company with information relating to the beneficial owner; (2) being the beneficial owner…
Text status: Unofficial English translation.
Section 239 — Criminal Offences
Chapter: 15 — Offences and Penalties
(a) A person who provides false information in any document or information required to be submitted to the Registrar under this Act commits a Class 1 misdemeanour under section 521 of the Maldives Penal Code. (b) A person who submits an invalid or forged document as a document required to be…
Text status: Unofficial English translation.
Section 240 — Other Offences and Penalties
Chapter: 15 — Offences and Penalties
In addition to the offences and penalties specified in this Chapter, where any person fails to comply with a direction issued by the Registrar under this Act, or fails to perform an act required by this Act, the Registrar may, in accordance with regulations made under this Act, impose on that…
Text status: Unofficial English translation.
This page is a general research and practice aid. The translations used in this manual are unofficial. Verify the official Dhivehi legislation, amendments and current procedures before relying on any entry. Read our sources and verification guidance and contact a lawyer at Sulthan & Amhar for advice on your circumstances before relying on this material or taking action.