Section 402: Penalty for falsification of books
The Companies Act, 2017 · Federal Acts · in_force
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402. Penalty for falsification of books.—If any director, manager, officer, auditor or contributory of any company being wound up destroys, mutilates, alters or falsifies or fraudulently secrets any books, papers or securities, or makes or is privy to the making of any false or fraudulent entry in any register, books or paper belonging to the company with intent to defraud or deceive any person, he shall be liable to imprisonment for a term which may extend to three years, or with fine which may extend to one million rupees, or with both.
Effective date: 2017-05-30
Related sections
Section 401: Liability where proper accounts not keptSection 403: Prosecution of delinquent directorsSection 400: Penalty for fraud by officers of companies which have gone into liquidationSection 404: Penalty for false evidenceSection 399: Liability under sections 397 and 398 to extend to partners or directors in firm or bodySection 405: Penal Provisions
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