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of <h1>Section 336: Penalties for fraudulent conduct, concealment and false statements by company officers during liquidation proceedings</h1> Section 336 criminalizes specified misconduct by officers of a company in liquidation ordered by the Tribunal. Offences include failure to fully disclose or deliver company property, books, and papers; concealment, fraudulent removal, or falsification of property or records; obtaining property or credit by false representation or fraud; wrongful pawning, pledging, or disposal of unpaid-for property; material omissions in statements of affairs; failure to report false debts; preventing production of records; fictitious accounting of losses; and fraudulent conduct to secure creditor consent. Punishment is imprisonment of three to five years and fine, with a defence of absence of intent to defraud. Recipients of wrongfully pledged property are similarly punishable.
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