A serious offence, constituting a crime, for which a person is prosecuted by indictment. This type of offence carries the most severe penalties in the Criminal Code (federal law). Examples of criminal acts include theft or fraud, sexual assault with a weapon, driving under the influence of alcohol and aggravated assault, extortion and murder. The court, on the application of an interested person, may prohibit a person from holding office as a director of a syndicate of co-owners if the person has been found guilty of an indictable offence involving fraud or dishonesty in a matter related to legal persons.
