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CORPORATE AND Business law The managing director of Marduk Industries Ltd retained certain cash sales and did not disclose them on the tax returns of

CORPORATE AND Business law

The managing director of Marduk Industries Ltd retained certain cash sales and did not disclose them on the tax returns of Marduk Industries Ltd filed with the Commissioner of Inland Revenue.

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Explain whether Marduk Industries Ltd could be criminally convicted of 'wilfully or negligently making false tax returns' giving legal reasons. In your answer you should refer to any relevant statutory provision (Company Act 1993) and case law of which you are aware.

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