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<h1>Company fraud now attracts tiered prison terms and fines tied to amount involved and public interest.</h1> Punishment for fraud in company affairs is tiered by monetary threshold and public interest: frauds of at least ten lakh rupees or one per cent of turnover attract six months to ten years imprisonment and fines not less than the amount involved and up to three times that amount; frauds involving public interest carry a minimum three-year term; lower-amount frauds not involving public interest may attract up to five years imprisonment or fines up to fifty lakh rupees or both. The section preserves other liabilities and defines fraud, wrongful gain, and wrongful loss.
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