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of <h1>Company Officers Face Fines and Jail for Misuse of Assets; Violations Could Lead to Imprisonment Under Specific Rules.</h1> If an officer or employee of a company wrongfully obtains, withholds, or misapplies company property or cash, they face a fine between one lakh and five lakh rupees upon complaint by the company, member, creditor, or contributory. The court may also order the return or refund of the property or cash and any benefits derived from it within a specified time. Failure to comply may result in imprisonment for up to two years.
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