Failure to produce accounts now attracts imprisonment plus fine, tightening penal liability for non compliance with production notices. The Bill amends the penal provision for willful failure to produce accounts or comply with a direction to produce documents issued under statutory production powers so that the offender shall be punishable with rigorous imprisonment for a term which may extend to one year and with fine, replacing the prior alternative of imprisonment or a daily fine or both.
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.
Failure to produce accounts now attracts imprisonment plus fine, tightening penal liability for non compliance with production notices.
The Bill amends the penal provision for willful failure to produce accounts or comply with a direction to produce documents issued under statutory production powers so that the offender shall be punishable with rigorous imprisonment for a term which may extend to one year and with fine, replacing the prior alternative of imprisonment or a daily fine or both.
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