Amendment status not verified — confirm the current text below against the official source.
Inserted with marginal heading by Act No.22 of 2001. Punishment for corrupt practices. 128 [Act No.7 of 1964] (ii) fictitious loan; (ii) ‗irregularity in purchases‘ includes purchases, made with the intention to gain wrongfully, of,- (i) sub-standard or adulterated goods; (ii) goods by paying higher price; (iii) goods in excess of requirement.] 256[(2) Every person guilty of a corrupt practice shall be punishable with imprisonment for a term which may extend up to one year or with fine which may extend to rupees fifty thousand or with both.]