Article 304 of Companies Law

Without prejudice to any more severe penalty prescribed by another law, the following shall be punished by imprisonment for a term not exceeding one year and a fine of not less than five thousand dinars and not exceeding ten thousand dinars, or by either of these two penalties: 1- Every board member or manager who intentionally or fraudulently performs acts capable of preventing a partner or shareholder from participating in a general assembly meeting or a meeting of the company's partners. 2- Every board member or manager who intentionally and without acceptable excuse refrains, after one month has elapsed from his formal notice, from convening a general assembly meeting or a partners' meeting in the cases required by law. 3- Whoever prevents the auditor, a member of the supervisory board, the judicial receiver, the liquidator, or persons assigned to inspect the company from examining its books and documents, and whoever refrains from providing the information, documents, and explanations they requested. 4- Every board member, manager, or liquidator who, in that capacity and in bad faith, exploits the company's funds or shares to obtain personal benefits for himself or others, directly or indirectly. In the crimes prescribed in this Article and the preceding Article, the court may order the removal of the company's board member or manager.