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Section 17: Penalties.

The British India Corporation Limited (Acquisition of Shares) Act, 1981Central Act · Act 29 of 1981

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; or

(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 of 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.

Where this provision sits

ActThe British India Corporation Limited (Acquisition of Shares) Act, 1981
Section17
Marginal notePenalties.
JurisdictionCentral
StatusIn force as published by the source

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