Amendment status not verified — confirm the current text below against the official source.
(1) If a trustee or administrator fails to- (i) apply for the registration of the trust or endowment; (ii) furnish statements of particulars or accounts or returns as required under this Act; (iii) supply information or particulars as required by the Board; (iv) allow inspection of the properties of trust and endowment, accounts, records or deeds and documents relating thereto; (v) deliver possession of any trust and endowment property, if ordered by the Board or Court; (vi) carry out the directions of the Board; (vii) discharge any public dues; or (viii) do any other act which he is lawfully required to do by or under this Act, he shall, unless he satisfies the Board or the Court that there was reasonable cause for his failure, be punishable with fine which may extend to five thousand rupees. (2) Notwithstanding anything contained in sub-section (1), if- (a) a trustee or administrator omits or fails, with a view to concealing the existence of a trust or endowment, to apply for its registration under this Act,- (i) in the case of a trust or endowment created before the commencement of this Act, within the period specified therefor in sub-section (8) of section 30; (ii) in the case of any trust or endowment created after such commencement, within three months from the date of the creation of the trust or endowment; or (b) a trustee or administrator furnishes any statement, return or information to the Board, which he knows or has reason to believe to be false, misleading, untrue or incorrect in any material particular, he shall be punishable with imprisonment for a term which may extend to six months and also with fine which may extend to fifteen thousand rupees. (3) No Court shall take cognizance of an offence punishable under this Act save upon a complaint made by the Board or an officer duly authorized by the Board in this behalf. (4) No Court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the First Class shall try any offence punishable under this Act. (5) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (Central Act 2 of 1973), the fine imposed under sub-section (1), when realized, shall be credited to the fund specified under section 70. (6) In every case where offender is convicted of an offence punishable under sub-section (1) and sentenced to a fine, the Court shall also impose such term of imprisonment in default of payment of fine as is authorized by law for such default.