59. Offences by employees

Any person, who being a director, secretary, chief executive officer, manager, officer, employee, partner, office bearer or auditor of a licencee-

fails to take all reasonable steps to ensure that the licencee complies with the requirements of this Act;

fails to comply with any directive issued or rule made by the Authority under the provisions of this Act;

fails to comply with any direction issued by the

fails to take all reasonable steps to secure the accuracy of any statement submitted or published by such licencee, under the provisions of this Act;

makes a false entry in any book, record, file, register or such other document or statement relating to the business affairs, transactions, conditions, assets or liabilities or accounts of such licencee or cause such entry to be made;

omits to make an entry in any book, record, file, register or such other document or statement relating to the business affairs, transactions, conditions, assets or liabilities or accounts of such licencee or causes such entry to be omitted;

alters, abstracts, conceals, erases or destroys any entry in any book, record, file, register or such other document, or statement relating to the business affairs, transactions, conditions, assets or liabilities or accounts of such licencee, or causes any such entry to be altered, abstracted, concealed, erased or destroyed; or

maintains multiple sets of books, records, files, registers, or such other documents for the purpose of concealing the true condition of such licencee, commits an offence under this Act.