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TMI BlogOffences by officers of companies in liquidationX X X X Extracts X X X X X X X X Extracts X X X X ..... which is subsequently ordered to be wound up by the Tribunal under this Act],- (a) does not, to the best of his knowledge and belief, fully and truly disclose to the Company Liquidator all the property, movable and immovable, of the company, and how and to whom and for what consideration and when the company disposed of any part thereof, except such part as has been disposed of in the ordinary co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f one thousand rupees or more; (iii) conceals, destroys, mutilates or falsifies, or is privy to the concealment, destruction, mutilation or falsification of, any book or paper affecting or relating to, the property or affairs of the company; (iv) makes, or is privy to the making of, any false entry in any book or paper affecting or relating to, the property or affairs of the company; (v) fraudulen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e company; (e) makes any material omission in any statement relating to the affairs of the company; (f) knowing or believing that a false debt has been proved by any person under the winding up, fails for a period of one month to inform the Company Liquidator thereof; (g) after the commencement of the winding up, prevents the production of any book or paper affecting or relating to the property or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed proves that he had no intent to defraud or to conceal the true state of affairs of the company or to defeat the law. (2) Where any person pawns, pledges or disposes of any property in circumstances which amount to an offence under sub-clause (viii) of clause (d) of sub-section (1), every person who takes in pawn or pledge or otherwise receives the property, knowing it to be pawned, pledged, or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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