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Section 54: Penalty for false information.

The Prohibition of Benami Property Transactions Act, 1988Central Act · Act 45 of 1988

[54. Penalty for false information.--Any person who is required to furnish information under this Act knowingly gives false information to any authority or furnishes any false document in any proceeding under this Act, shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to five years and shall also be liable to fine which may extend to ten per cent. of the fair market value of the property.]

Where this provision sits

ActThe Prohibition of Benami Property Transactions Act, 1988
Section54
Marginal notePenalty for false information.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. . Ins. by s. 9, ibid. (w.e.f. 1-11-2016).

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