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<h1>Failure to comply with notice and asset preservation obligations can trigger criminal imprisonment, though a new bar restricts proceedings.</h1> Criminal liability attaches where a person fails to give the notice required by section 178(1), fails to set aside the amount required by section 178(3), or parts with company assets or properties in contravention of that sub section; the prescribed sanction is rigorous imprisonment up to two years with a statutory minimum term unless the court records special and adequate reasons for a lesser sentence.