Cos 57 — Punishment for personation of shareholder

Companies Act, 2013

Statutory text

If any person deceitfully personates as an owner of any security or interest in a company, or of any share warrant or coupon issued in pursuance of this Act, and thereby obtains or attempts to obtain any such security or interest or any such share warrant or coupon, or  receives  or attempts  to  receive  any  money  due  to  any  such  owner,  he  shall  be  punishable  with imprisonment for a term which shall not be less than one year but which may extend to three years and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

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