(1) Whosoever
1. fails to keep books of account which he is statutorily obliged to keep, or keeps or modifies them in such a manner that a survey of his net assets is made more difficult;
2. disposes of, hides, destroys or damages books of account or other documentation, which a merchant is obliged by commercial law to keep, before expiry of the archiving periods which exist for those obliged to keep books, and thereby makes a survey of his net assets more difficult;
(a) draws up balance sheets in such a manner that a survey of his net assets is made more difficult; or
(b) fails to draw up a balance sheet of his assets or the inventory in the prescribed time
shall be liable to imprisonment not exceeding two years or a fine.
(2) Whosoever acts negligently in cases under subsection (1) Nos 1 or 3 above shall be liable to imprisonment not exceeding one year or a fine.