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Punishment for fraud

Section 447 - Acts - MISCELLANEOUS - Companies Act, 2013 - Section 447 - CHAPTER XXIX MISCELLANEOUS 447. Without prejudice to any liability including repayment of any debt under this Act or any other law for the time being in force, any person who is .....

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y extend to ten years and shall also be liable to fine which shall not be less than the amount involved in the fraud, but which may extend to three times the amount involved in the fraud: Provided that where the fraud in question involves public inte .....

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nterest, any person guilty of such fraud shall be punishable with imprisonment for a term which may extend to five years or with fine which may extend to 3[fifty lakh rupees] or with both.] Explanation.-For the purposes of this section- (i) "fra .....

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