https://www.taxtmi.com/acts?id=17749 Section 452 penalises an officer or employee who wrongfully obtains, withholds or knowingly misapplies company property or cash; on complaint by the company, member, creditor or contributory such person is liable to a fine not less than one lakh and up to five lakh rupees. The Court may order delivery or refund of the property or benefits derived therefrom within a fixed time and, on default, may impose imprisonment up to two years; a proviso precludes imprisonment for withholding a dwelling unit where the company has not paid specified welfare or compensation dues to that officer or employee. en-us Sat, 02 Mar 2013 16:42:37 +0530 Fri, 19 Dec 2025 13:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17749 Section 452 penalises an officer or employee who wrongfully obtains, withholds or knowingly misapplies company property or cash; on complaint by the company, member, creditor or contributory such person is liable to a fine not less than one lakh and up to five lakh rupees. The Court may order delivery or refund of the property or benefits derived therefrom within a fixed time and, on default, may impose imprisonment up to two years; a proviso precludes imprisonment for withholding a dwelling unit where the company has not paid specified welfare or compensation dues to that officer or employee. Act-Rules Companies Law Sat, 02 Mar 2013 16:42:37 +0530 https://www.taxtmi.com/acts?id=17749