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<h1>Companies Act Section 267 omitted, removing prior criminal penalties; earlier punishment included up to seven years' imprisonment and fines.</h1> Section 267 of the Companies Act, 2013 was omitted effective 15-11-2016 by amendment; previously it criminalised breaches of the Chapter on revival and rehabilitation, false statements or evidence, and tampering with records, prescribing imprisonment up to seven years and a fine up to ten lakh rupees.