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Criminal Code

Version of section 400 from 2019-09-19 to 2020-10-05:


Marginal note:False prospectus, etc.

  •  (1) Every person is guilty of an indictable offence and liable to imprisonment for a term of not more than 10 years or is guilty of an offence punishable on summary conviction who makes, circulates or publishes a prospectus, a statement or an account, whether written or oral, that they know is false in a material particular, with intent

    • (a) to induce persons, whether ascertained or not, to become shareholders or partners in a company,

    • (b) to deceive or defraud the members, shareholders or creditors, whether ascertained or not, of a company, or

    • (c) to induce any person to

      • (i) entrust or advance anything to a company, or

      • (ii) enter into any security for the benefit of a company.

    • (d) [Repealed, 1994, c. 44, s. 26]

  • Marginal note:Definition of company

    (2) In this section, company means a syndicate, body corporate or company, whether existing or proposed to be created.

  • R.S., 1985, c. C-46, s. 400
  • 1994, c. 44, s. 26
  • 2019, c. 25, s. 156
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