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COMPANIES AND SECURITIES LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 1985 No. 192 of 1985 - SECT 126
Dividends payable from profits only
126. Section 565 of the Principal Act is amended by inserting after
sub-section (2) the following sub-sections:
"(2A) Proceedings may be brought under sub-section (2) for the recovery of an
amount whether or not a person has been convicted of an offence under that
sub-section.
"(2B) In proceedings brought under sub-section (2) for the recovery of an
amount, the liability of a person under that sub-section in respect of the
amount may be established on the balance of probabilities.".
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