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of <h1>False Statements in Company Documents Lead to Penalties Under Section 628 of Companies Act 1956: Up to 2 Years Jail</h1> Section 628 of the Companies Act, 1956, stipulates penalties for making false statements in documents required by the Act. If a person knowingly makes a materially false statement or omits a material fact in any required document, they face punishment of up to two years of imprisonment and may also be subject to a fine. This applies unless otherwise specified within the Act.
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