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<h1>False statement in verification for accounts and statements carries criminal liability with imprisonment and fine and is non-cognizable.</h1> Making a false statement in any verification, account or statement under the Chapter or rules thereunder, when the person knows or believes it to be false or does not believe it to be true, attracts criminal liability including imprisonment and fine; such an offence is declared non-cognizable under the Code of Criminal Procedure, 1973.