Amendment status not verified — confirm the current text below against the official source.
Any p~rson, who, --- . (a) having in his pm: ... ession, cm.tody or control any property forming part of the undertaking of the company wrongfully witrholds such property from the State Government or the Board, as the case may be: or (b) wrongfully obtahs possession of or retains any property formin5 pait of the undertaking of the company v. llic.:h has bee'.1 vested in the State Government or the Board under this Act; or (c) wilfully withhalds or fails to furnish to the State Governmenc or Board, as the case May be, any document relating to the undertaking, which is in his possession, c.: 1stody or control; or (d) wilfull? fails to fu111ish to the State Government or the Board, as the case may ·be, any assets, books of accounts, registers or other documents in liis possession, custody or control, relating to the undertaking; or (e) wrongfully ren1oves er destroys property fom11ng part of tl "· undertaking or prefers , ny claim under this Act which he knows or has reason m believe to be false or grossly ioadeyuate; shall on convicuon be punishable with imprisonment for a term which may extend to two years or with fine which may extend to ten thous;rnd •· rupees or with both 13 ) >- 14 1997 THE ASSAM GAZETIE, EXTRAORDINARY, JANUARY 6, ~~~~~~~ .~-'-----~~~~ Cognizance of offences with -previous sanction only. Offences by companies. Protection of action taken in good faith. Bar of jurisdiction of Court. Effect of other laws. Power to remove difficulties. Arbitration.