Section 72: Penalty for embezzlement or misappropriation of funds
The Industrial Relations Act, 2012 · Federal Acts · IX · in_force
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72. Penalty for embezzlement or misappropriation of funds.-- Any officer or any employee of a registered trade union, guilty of embezzlement or misappropriation of trade union funds, shall be liable to imprisonment which may extend to thirty days and shall also be liable to a fine which shall not exceed the amount found by the Court to have been embezzled or misappropriated. Upon realisation, the amount of fine shall be reimbursed by the Court to the trade union concerned.
Effective date: 2012-03-14
Related sections
Section 71: Penalty for discharging officer of trade union in certain circumstances, etc.Section 73: Penalty for obstructing inspectorSection 70: Penalty for false statement, etc.Section 74: Penalty for contravening Section 27 or Section 28, etc.Section 69: Penalty for failing to implement settlement, etc.Section 75: Penalty for other offences
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