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244. Fraud in anticipation of winding-up or insolvent administration

(1) When a Company is ordered to be wound up by the Court, or passes a resolution for voluntary winding-up or enters insolvent administration, any person, being a past or present officer of the Company, commits a contravention and is liable to a fine at the relevant level set out in the Fines Schedule if, within the twelve (12) months immediately preceding the commencement of the winding-up, he has —
(a) concealed any part of the Company's property to the value of $200 or more, or concealed any debt due to or from the Company;
(b) fraudulently removed any part of the Company's property to the value of $200 or more;
(c) concealed, destroyed, mutilated or falsified any book or paper affecting or relating to the Company's property or affairs;
(d) made any false entry in any book or paper affecting or relating to the Company's property or affairs;
(e) fraudulently parted with, altered or made any omission in any document affecting or relating to the Company's property or affairs; or
(f) pawned, pledged or disposed of any property of the Company which has been obtained on credit and has not been paid for (unless the pawning, pledging or disposal was in the ordinary way of the Company's business),
in each case with the intention of defrauding the creditors of the Company or concealing the state of affairs of the Company from any person, or to defeat the law.
(2) Subsection (1) is deemed to also apply to such a person if, within the twelve (12) month period, he has been privy to the doing by others of any of the things mentioned in subsection (1) with the requisite intent.