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    <title>Penalty for frauds by officers.</title>
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    <description>Officers who, before or after an unsatisfied judgment against the company, induce credit by false pretences or other fraud, or who with intent to defraud creditors make or cause gifts, transfers or charges, connive at executions, or conceal or remove company property, commit offences punishable by imprisonment and fine where the company is subsequently wound up by order of the Tribunal.</description>
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    <pubDate>Wed, 18 May 2011 12:31:22 +0530</pubDate>
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      <link>https://www.taxtmi.com/acts?id=12945</link>
      <description>Officers who, before or after an unsatisfied judgment against the company, induce credit by false pretences or other fraud, or who with intent to defraud creditors make or cause gifts, transfers or charges, connive at executions, or conceal or remove company property, commit offences punishable by imprisonment and fine where the company is subsequently wound up by order of the Tribunal.</description>
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      <pubDate>Wed, 18 May 2011 12:31:22 +0530</pubDate>
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