A director of a company who affixes, causes to be affixed or consents to the affixing of their signature on provisional or definitive certificates for shares or bonds issued by the company or in its name, where the issue has not been approved by the competent corporate bodies or the minimum contributions required by law have not been made, is punishable by imprisonment for up to 1 year and a fine of up to 150 days.
O administrador de sociedade que apuser, fizer apor, ou consentir que seja aposta, a sua assinatura em títulos, provisórios ou definitivos, de acções ou obrigações emitidos pela sociedade ou em nome desta, quando a emissão não tenha sido aprovada pelos órgãos sociais competentes, ou não tenham sido realizadas as entradas mínimas exigidas por lei, é punido com prisão até 1 ano e multa até 150 dias.
The two alternative conditions (issue not approved by the competent corporate bodies; minimum contributions required by law not made) and the cumulative penalty of imprisonment for up to 1 year and a fine of up to 150 days are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.