Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 539 of Companies Act, 1956: Penalties for Falsifying Company Books During Winding Up Include Imprisonment and Fines.</h1> Section 539 of the Companies Act, 1956, addresses penalties for falsification of company books during winding up. It applies to officers or members of a company involved in proceedings under sections 397 or 398. If they intentionally destroy, alter, or falsify company records or make fraudulent entries to deceive, they face imprisonment up to seven years and a possible fine. This provision aims to deter fraudulent activities during the winding-up process and ensure transparency and accountability in company operations.
TaxTMI 
TaxTMI 
