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of <h1>Making False Statements in Corporate Documents Under Clause 448 of Companies Bill, 2011, Leads to Section 447 Liability.</h1> Clause 448 of the Companies Bill, 2011, addresses the punishment for making false statements in documents required under the Act. It stipulates that if a person knowingly makes a materially false statement or omits a material fact in any return, report, certificate, financial statement, prospectus, or other document, they shall be liable under section 447. This provision aims to ensure the accuracy and integrity of corporate documentation by imposing legal consequences for deliberate misinformation.
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