False reports
54.  Any person who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to the Board, a commodity market, a Commodity Futures Exchange, a clearing house or any officers thereof relating to —
(a)trading in commodity contractsor commodity futures contracts;
[22/2001 wef 27/06/2001]
(b)any matter or thing required by the Board for the proper administration of this Act; or
(c)the enforcement of the business rules of a commodity market, a Commodity Futures Exchange or a clearing house,
[22/2001 wef 27/06/2001]
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.
[22/2001 wef 27/06/2001]