TMI BlogOffences by officers of companies in liquidation.X X X X Extracts X X X X X X X X Extracts X X X X ..... nd 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 course of the business of the company; (b) does not deliver up to the liquidator, or as he directs, all such part of the movable and immovable property of the company as is in his custody or under his control, and which he is required by law to deliver up; (c) does not deliver up to the liquidator, or as he directs, all such books and papers of the company as are in his custody or under his control and which he is required by law to deliver up; (d) within the twelve months next before the commencement of the winding up or at any time thereafter, conceals any part of the proper ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y to the fraudulent parting with altering, or making of any omission in, any book or paper affecting or relating to the property or affairs of the company; (l) after the commencement of the winding up or at any meeting of the creditors of the company within the twelve months next before the commencement of the winding up, attempts to account for any part of the property of the company by fictitious losses or expenses; (m) within the twelve months next before the commencement of the winding up or at any time thereafter, by any false representation or other fraud, obtains on credit, for or on behalf of the company, any property which the company does not subsequently pay for; (n) within the twelve months next before the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . (2) Where any person pawns, pledges or disposes of any property in circumstances which amount to an offence under clause (o) of sub-section (1), every person who takes in pawn or pledges or otherwise receives the property, knowing it to be pawned, pledged, or disposed of in such circumstances as aforesaid, shall be punishable with imprisonment for a term which may extend to three years, or with fine, or with both. (3) For the purposes of this section, the expression "officer" shall include any person in accordance with whose directions or instructions the directors of the company have been accustomed to act. ----------------------------------------- Notes:- [1] Substituted for "or subject to the supervision of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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