s 221 False or misleading documents, information, etc.
(1) Where any document or information is required to be submitted to the Commission under this Division or the Code in relation to a take-over offer, merger or compulsory acquisition— (a) an acquirer, an offeror or a person making a compulsory acquisition or effecting a merger, its officers or associates; (b) an offeree, its officers or associates; (c) a financial adviser or an expert; or (d) any other person, shall not— (A) submit or cause to be submitted any document or information that is false or misleading; (B) provide or cause to be provided any document or information from which there is material omission; or (C) engage in conduct that he knows to be misleading or deceptive or is likely to mislead or deceive. (2) It shall be a defence to a prosecution or any proceeding for a contravention of subsection (1) if it is proved that the defendant, after making enquiries as were reasonable in the circumstances, had reasonable grounds to believe, and did until the time of the provision of the document or information or engaging in the conduct was of the belief that— (a) the document or information was true and not misleading; (b) the omission was not material; (c) there was no material omission; or (d) the conduct in question was not misleading or deceptive. (3) A person who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding ten years or to both.