Вы находитесь на странице: 1из 4

Offences and Penalties under Part II of the Code

Section Section Heading Who is Liable? Punishment


68 Punishment for Any officer of the Imprisonment – 3 to 5
concealment of corporate debtor years; or
Property Fine – Rs. 1 lakh to Rs. 1
crore; or
Both
69 Punishment for Any officer of the Imprisonment – 1 to 5
transactions corporate debtor or years; or
defrauding creditors the Corporate Fine – Rs. 1 lakh to Rs. 1
Debtor crore; or
Both
70(1) Punishment for Any officer of the Imprisonment – 3 to 5
misconduct in course corporate debtor years; or
of corporate Fine – Rs. 1 lakh to Rs. 1
insolvency resolution crore; or
process Both
70(2) Punishment for Insolvency Imprisonment – upto 6
misconduct in course Professional months; or
of corporate Fine – Rs. 1 lakh to Rs. 5
insolvency resolution lakhs; or
process Both
71 Punishment for Any person Imprisonment – 3 to 5
falsification of books years; or
of corporate debtor. Fine - Rs. 1 lakh to Rs. 1
crore; or
Both
72 Punishment for Any officer of the Imprisonment – 3 to 5
wilful and material corporate debtor years; or
omissions from Fine – Rs. 1 lakh to Rs. 1
statements relating to crore; or
affairs of corporate Both
debtor.
73 Punishment for false Any officer of the Imprisonment – 3 to 5
representations to corporate debtor years; or
creditors. Fine – Rs. 1 lakh to Rs. 1
crore; or
Both
74(1) Punishment for Any officer of the Imprisonment – 3 to 5
contravention of Corporate Debtor years; or
moratorium or the Fine – Rs. 1 lakh to Rs. 3
resolution plan. lakh; or
Both
74(2) Punishment for Any person Imprisonment – 1 to 5
contravention of years.
moratorium or the Fine – Rs. 1 lakh to Rs. 1
resolution plan. crore; or
Both
74(3) Punishment for Corporate debtor, Imprisonment – 1 to 5
contravention of any officer of the years; or
moratorium or the corporate debtor, Fine – Rs. 1 lakh to Rs. 1
resolution plan. creditor or any crore; or
person Both
75 Punishment for false Any person Fine – Rs. 1 lakh to Rs. 1
information crore.
furnished in
application.
76 Punishment for non- Operational Imprisonment – 1 to 5
disclosure of dispute Creditor or any years; or
or repayment of debt person Fine – Rs. 1 lakh to Rs. 1
by operational crore; or
creditor. Both
77 Punishment for Corporate Debtor or Imprisonment – 3 to 5
providing false any person years; or
information in Fine – Rs. 1 lakh to Rs. 1
application made by crore; or
corporate debtor. Both
Offences and Penalties under Part III of the Code

Section Section Heading Who is Liable? Punishment


184(1) Punishment for false Debtor or Creditor Imprisonment – 1 year; or
information, etc., by Fine – Rs. 5 lakh ; or
creditor in Both
insolvency resolution
process.
184(2) Punishment for false Creditor Imprisonment – 2 years; or
information, etc., by Fine – Three times the
creditor in amount or its equivalent of
insolvency resolution such money, property or
process. security; upto 5 lakh or
Both

185 Punishment for Insolvency Imprisonment – 6 months;


contravention of Professional or
provisions. Fine – Rs. 1 lakh to Rs. 5
lakh; or
Both
186(a) Punishment for false Bankrupt Imprisonment – 6 months;
information, or
concealment, etc., by Fine – Rs. 5 lakh; or
bankrupt Both
186(b) Punishment for false Bankrupt Imprisonment –1 year; or
information, Fine – Rs. 5 lakh; or
concealment, etc., by Both
bankrupt
186(c) Punishment for false Bankrupt Imprisonment – 6 months;
information, or
concealment, etc., by Fine – Rs. 5 lakh; or
bankrupt Both
186(d) Punishment for false Bankrupt Imprisonment – 6 months;
information, or
concealment, etc., by Fine – Rs. 5 lakh; or
bankrupt Both
186(e) Punishment for false Bankrupt Imprisonment – 2 years; or
information, Fine – Three times of the
concealment, etc., by value of the loss; or
bankrupt Both
186(f) Punishment for false Bankrupt Imprisonment - 1 year; or
information, Fine – Rs. 5 lakh; or
concealment, etc., by Both
bankrupt
187 Punishment for Bankruptcy Trustee Imprisonment – 3 years; or
certain actions. Fine – Three times the
amount of the loss caused,
or likely to have been
caused; upto 5 lakh; or
Both

Вам также может понравиться