https://www.taxtmi.com/acts?id=15774 Officers of a company later wound up or resolving to wind up are criminally liable where, by false pretences or other fraud, they induce credit to the company; or with intent to defraud creditors or others make or cause gifts, transfers, charges, or connive at executions against company property; or with intent to defraud conceal or remove company property around the time of an unsatisfied judgment. Penalties include imprisonment for a term not less than one year and up to three years and a monetary fine within the statutory range. en-us Fri, 23 Dec 2011 15:35:57 +0530 Fri, 23 Dec 2011 15:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15774 Officers of a company later wound up or resolving to wind up are criminally liable where, by false pretences or other fraud, they induce credit to the company; or with intent to defraud creditors or others make or cause gifts, transfers, charges, or connive at executions against company property; or with intent to defraud conceal or remove company property around the time of an unsatisfied judgment. Penalties include imprisonment for a term not less than one year and up to three years and a monetary fine within the statutory range. Act-Rules Bills Fri, 23 Dec 2011 15:35:57 +0530 https://www.taxtmi.com/acts?id=15774