https://www.taxtmi.com/acts?id=31047 Offences by officers of a corporate debtor-including wilful concealment or fraudulent removal of property, destruction or falsification of books, false entries, alteration or omission in documents, creation or disposal of security interests outside the ordinary course, and knowledge of others' commission of such acts-committed within twelve months before or at any time after the insolvency commencement date, or receiving property so secured, attract criminal liability. Such officers are punishable with imprisonment for not less than three years and up to five years, or with fine, or with both, subject to a defence that they lacked intent to defraud or conceal the debtor's affairs. en-us Tue, 02 Jan 2018 14:55:25 +0530 Fri, 06 Dec 2019 15:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31047 Offences by officers of a corporate debtor-including wilful concealment or fraudulent removal of property, destruction or falsification of books, false entries, alteration or omission in documents, creation or disposal of security interests outside the ordinary course, and knowledge of others' commission of such acts-committed within twelve months before or at any time after the insolvency commencement date, or receiving property so secured, attract criminal liability. Such officers are punishable with imprisonment for not less than three years and up to five years, or with fine, or with both, subject to a defence that they lacked intent to defraud or conceal the debtor's affairs. Act-Rules IBC Tue, 02 Jan 2018 14:55:25 +0530 https://www.taxtmi.com/acts?id=31047