False evidence in company law attracts criminal penalties, including imprisonment and fines, for intentional false testimony. Intentional provision of false evidence during any examination on oath or solemn affirmation authorised under the Act, or in any affidavit, deposition or solemn affirmation in or about winding up proceedings or other matters arising under the Act, is punishable with imprisonment for a term not less than three years and which may extend to seven years and with fine which may extend to ten lakh rupees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
False evidence in company law attracts criminal penalties, including imprisonment and fines, for intentional false testimony.
Intentional provision of false evidence during any examination on oath or solemn affirmation authorised under the Act, or in any affidavit, deposition or solemn affirmation in or about winding up proceedings or other matters arising under the Act, is punishable with imprisonment for a term not less than three years and which may extend to seven years and with fine which may extend to ten lakh rupees.
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