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TMI BlogCriminal breach of trustX X X X Extracts X X X X X X X X Extracts X X X X ..... es of that property in violation of any direction of law prescribing the mode in which such trust is to be discharged, or of any legal contract, express or implied, which he has made touching the discharge of such trust, or wilfully suffers any other person so to do, commits criminal breach of trust. Explanation 1 . A person, being an employer of an establishment whether exempted under sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and administered by the Employees State Insurance Corporation established under the Employees State Insurance Act, 1948 (34 of 1948) shall be deemed to have been entrusted with the amount of the contribution so deducted by him and if he makes default in the payment of such contribution to the said Fund in violation of the said Act, shall be deemed to have dishonestly used the amount of the said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to A, with directions to A to invest the same in Company s paper. A dishonestly disobeys the directions and employs the money in his own business. A has committed criminal breach of trust. (d) But if A, in illustration (c), not dishonestly but in good faith, believing that it will be more for Z s advantage to hold shares in the Bank of Bengal, disobeys Z s directions, and buys shares in the Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th imprisonment of either description for a term which may extend to five years, or with fine, or with both. (3) Whoever, being entrusted with property as a carrier, wharfinger or warehouse-keeper, commits criminal breach of trust in respect of such property, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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