Basic Conditions of Employment Act, 1997
R 385
Insolvency Act, 1936 (Act No. 24 of 1936)137. Obtaining credit during insolvency, offering inducements, etc |
Any person shall be guilty of an offence and liable to imprisonment for a period not exceeding one year—
| (a) | if, during the sequestration of his estate, he obtains credit to an amount exceeding ten pounds without previously informing the person from whom he obtains credit that he is an insolvent, unless he proves that such person had knowledge of that fact; or |
| (b) | if he grants, promises, or offers any consideration whatever in order to procure the acceptance by any creditor of an offer of composition or to prevent opposition to a rehabilitation or, during the sequestration of any estate, to induce any person to refrain from investigating any matter relating to that estate or from disclosing any information in regard thereto; or |
| (c) | if he contravenes or fails to comply with the provisions of section sixteen, or of subsection (3), (4) or (12) of section twenty-three unless he proves that he had a reasonable excuse for such contravention or failure; or |
| (d) | if he makes any false statement in the statement of his affairs mentioned in section four or sixteen, or in the statement mentioned in subsection (4) of section twenty-three. |
