Amendment status not verified — confirm the current text below against the official source.
Punishment for false verification of loan utiIh:ation.-Whoever, being under a duty to verify and report proper utilization of a lo~mor subsidy falsely reports, verifies on . te;;tifiesto 6e proper utilization thereof, with reference to the purpose for which it was .sanctioned or advanced, when in fact it was not so rttiIised fully, or was utilised only partly. or WES r..ot utiLsed at all, in rehtioil to that purpo:;e, .unJcss it Wi,S diverted to some other J?ur- pose with the prior sanctio,; of authority.which san~ti?ned o~advanced the loan or subSidy shall be punished with imprisonment of either desCriptIOnwhIch may extend to one year or with fine or both .. II I. inserted vide the M. P: Vinirdishta Bhrashta Acharan Nivaran (Sanshodhan) Adhiniyam, 1983 (No. 37 of 1983),published in "M.P. Rajpatra" (Asadharan) datcd.1-12-1983 atp. 3323' (i '.! ,","",""i"' •. ".•,,-~........( __ I