[(1) If for the purpose of obtaining the approval of his creditors to a proposal for a voluntary arrangement, the debtor—
(a) makes any false representation, or
(b) fraudulently does, or omits to do, anything,
he commits an offence.
(2) Subsection (1) applies even if the proposal is not approved.
(3) A person guilty of an offence under this section is liable to imprisonment or a fine, or both.]
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