Asian Refractories Limited (Acquisition of Undertakings) Act,1971
Act No : 65
Section : PENALTIES
SECTION 09: PENALTIES
- (1) Any person who-
(a) having in his possession, custody or control any property forming part of the undertaking of the company, wrongfully withholds such property from the Central Government; or
(b) wrongfully obtains possession of any property forming part of the undertaking of the company which has vested in the Central Government under this Act; or
(c) wilfully withholds or fails to furnish to the Central Government or any person specified by that Government as required by sub-section (2) of section 5-any document which may be in his possession, custody or control; or
(d) wilfully fails to furnish an inventory as required under section 6-; or
(e) when required lo furnish such inventory, furnishes any particulars therein which are false and which he either knows or believes to be false or does not believe to be true, shall be punishable with imprisonment for a term which may extend to two years or with Fine, or with both:
Provided that the court trying any offence under clause (a) or clause (b) or clause (c) of this sub-section may, at the time of convicting the accused person, order him to deliver up or refund within a time to be fixed by the court any property wrongfully withheld or wrongfully obtained or any document wilfully withheld or not furnished:
Provided further that nothing contained in this section or any other provision of this Act shall render any person liable to be convicted of an offence in respect of anything done or omitted to be done by him before the appointed day.
(2) No court shall take cognizance of an offence punishable under this section except with the previous sanction of the Central Government or of an officer authorised by that Government in this behalf.
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