Companies Act, 1956
Section - 539 - Penalty for falsification of books
Penalty for falsification of books.539. If with intent to defraud or deceive any person, any officer or contributory of a company which is being wound up— (a) destroys, mutilates, alters, falsifies or secrets, or is privy to the destruction, mutilation, alteration, falsification or secreting of, any books, papers or securities; or (b) makes, or is privy to the making of, any false or fraudulent entry in any register, book of account or document belonging to the company;he shall be punishable with imprisonment for a term which may extend to seven years, and shall also be liable to fine. .... To read the full section download the app from Google Play store
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