Section 17A(1) of the MACC Act has introduced new law on corporate liability offence that a commercial organisation commits an offence if a person associated with it corruptly gives, agrees to give, promises or offers any gratification to any person with an intent to obtain or to retain business or a business advantage for the said commercial organisation.

RISK MANAGEMENT

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

“Section 17A(1) of the MACC Act has introduced new law on corporate liability offence that a commercial organisation commits an offence if a person associated with it corruptly gives, agrees to give, promises or offers any gratification to any person with an intent to obtain or to retain business or a business advantage for the said commercial organisation.”

A	False
B	True
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -Under Section 17A, a commercial organisation commits a criminal offence if a person associated with it corruptly gives any gratification with intent to obtain or retain any business or advantage for the commercial organisation.

Detailed explanation-2: -Section 17A(1) states that a commercial organisation commits an offence if a person associated with it corruptly gives, offers or promises any gratification to any person with an intent to obtain or retain business or a business advantage for the said commercial organisation.

Detailed explanation-3: -Section 17A(1) provides that a commercial organization commits an offence if an associated person promises gratification to any person with an intent “to obtain or retain business” or “an advantage in the conduct of business for the commercial organization”.

There is 1 question to complete.

BUISENESS MANAGEMENT

RISK MANAGEMENT