British India Corporation Limited (Acquisition of Shares) Act : PENALTIES Indian Bare Acts :

British India Corporation Limited (Acquisition of Shares) Act,1981

Act No : 29

Section : PENALTIES

SECTION 17: PENALTIES

If any person,-

(a) makes any claim for any payment under this Act, knowing or having reason to believe that such claim is false or without any basis:

(b) when required under this Act so to do,-

(i) omits or fails to produce any register or record of the Company: or

(ii) makes any statement or furnishes any information which is false in any material particular and which he knows or believes to be false or does not believe to be true; or

(c) makes any such statement as aforesaid in any book account, record, register, return or other document, he shall be punishable with imprisonment for a term which may extend to two years, or with Fine which may extend to two thousand rupees or with both.