Lawgist45Penalty for offences in relation to furnishing of informatio
1[(1) Without prejudice to the provisions of section 44, if a person, who furnishes or is required to furnish under this Act any particulars, documents or any information,--
(a) makes any statement or furnishes any document which he knows or has reason to believe to be false in any material particular; or
(b) omits to state any material fact knowing it to be material; or
(c) wilfully alters, suppresses or destroys any document which is required to be furnished as aforesaid,
such person shall be punishable with fine which may extend to rupees one crore as may be determined by the Commission.]
(2) Without prejudice to the provisions of sub-section (1), the Commission may also pass such other order as it deems fit.
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1. Subs. by s. 38, ibid., for sub-section (1) (w.e.f. 20-5-2009).
- 42 Contravention of orders of Commission
- 42A Compensation in case of contravention of orders of Commissio
- 43 Penalty for failure to comply with directions of Commission and Director General
- 43A Power to impose penalty for non-furnishing of information on combinations
- 44 Penalty for making false statement or omission to furnish material information
- 45 Penalty for offences in relation to furnishing of informatio
- 46 Power to impose lesser penalt
- 47 Crediting sums realised by way of penalties to Consolidated Fund of India
- 48 Contravention by companies
