Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 128

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 128
---
 a crime under Criminal Code No. 100/2015/QH13 which has come into effect since 1 January 2018 and been amended from time to time. Acts of money laundering generally includes:

| (i) | directly                                                                                                                          
 or indirectly participating in financial/banking transactions or other transactions to conceal the illegal origin of the money or 
 property obtained through their commission of a crime or obtained through another’s commission of a crime to their knowledge;     |

| (ii) | using                                                                                                                       
 money or property obtained through their commission of a crime or obtained through another’s commission of a crime to their 
 knowledge for doing business or other activities;                                                                           |

| (iii) | concealing                                                                                                                             
 information about the true origin, nature, location, movement or ownership of money or property obtained through their commission      
 of a crime or obtained through another’s commission of a crime to their knowledge or obstructing the verification of such information; 
 or                                                                                                                                     |

| (iv) | committing                                                                                                                         
 any of the offences specified in any of the above points in the knowledge that the money or property is obtained through transfer, 
 conversion of money or property obtained through another’s commission of a crime.                                                  |

Individuals convicted may be subject to fines, imprisonment of up to fifteen years and confiscation of assets. Legal entities convicted may be subject to fines, or definite or indefinite suspension of operation.

India

Companies Act, 2013

The Companies Act of 2013 is the relevant legislation relating to companies and lays down the provisions of corporate governance that must be adhered to by any company with its operations in India. The Companies Act was enacted by the Government of India with the objective to provide statutory protection to the rights and interests of the shareholders. It also laid the foundation for the setting up of the National Company Law Tribunals and the National Company Law Appellate Tribunal in India, which is the adjudicating authority on matters relating to companies and the Insolvency and Bankruptcy Code, 2016. With respect to foreign subsidiary companies operating in India, the Companies Act of 2013 lays down regulations that govern the composition of the Board of Directors, Shareholder Meetings, Annual Filings, and rules relating to incorporation, management and winding up of companies that must be mandatorily complied with.

Moreover, the provisions of the Companies Act are not complied with, then the company shall be punishable with fine as per Section 392 of the Act.

The Code on Wages, 2019

The government