https://www.taxtmi.com/acts?id=11896 The clause criminalises three failures under section 223: not providing required information; failing to set aside the required amount; and parting with company assets or properties in custody contrary to the preservation requirement. These offences attract rigorous imprisonment for a limited statutory term and a concurrent fine, while a statutory defence is available where the accused proves reasonable cause for the failure. en-us Fri, 17 Sep 2010 11:46:55 +0530 Fri, 17 Sep 2010 11:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11896 The clause criminalises three failures under section 223: not providing required information; failing to set aside the required amount; and parting with company assets or properties in custody contrary to the preservation requirement. These offences attract rigorous imprisonment for a limited statutory term and a concurrent fine, while a statutory defence is available where the accused proves reasonable cause for the failure. Act-Rules Bill Fri, 17 Sep 2010 11:46:55 +0530 https://www.taxtmi.com/acts?id=11896