(1) If any person,—
(a) when required by this Ordinance or by any order under this Ordinance to make any statement or furnish any information, 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
(b) makes any such statement as aforesaid in any book, account, record, return or other document which he is required by any order made under this Ordinance to submit, 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.
(2) Any person, who—
(a) having in his possession, custody or control any property forming part of the assets of the company, wrongfully withholds such property from the company, or any person authorised by the company, or I
(b) wrongfully obtains possession of any property forming part of the assets of the company, or
(c) wilfully withholds or fails to produce to any person authorised under this Ordinance, any register, record or other document which may be in his possession, custody or control, or
(d) fails, without any reasonable cause, to submit any accounts, books or other documents, when required to do so, 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.
13. No court shall take cognizance of an offence under this Ordinance ' except with the previous sanction of the Central Government or of an officer authorised by that Government in this behalf.
14. The provisions of this Ordinance or any notification, order or rule made thereunder shall have effect notwithstanding anything inconsistent therewith contained in any law other than this Ordinance or in any instrument having effect by virtue of any law other than this Ordinance or in any order made by a civil court.
15. No suit, prosecution or other legal proceeding shall lie against the Central Government or the Shipping Corporation of India or a.ny officer or other employee serving in connection with the affairs of the company for anything which is in good faith done or intended to be done under this Ordinance.
45 of I860.
SEC 11 THE GAZETTE OF INDIA EXTRAORDINARY 351 24 of 1988.