Companies Act Section 449 — Punishment for false evidence

CHAPTER XXIX MISCELLANEOUS

Commercial / Corporate

Summary

Except where this Act says otherwise, a person who deliberately gives false evidence is punishable under this section.

Under clause (a), this applies when the false evidence is given during any examination conducted on oath or solemn affirmation that is authorised under this Act.

Under clause (b), this also applies when the false evidence is given in any affidavit, deposition, or solemn affirmation connected to the winding up of a company under this Act, or in connection with any other matter arising under this Act.

The punishment for such an offence is imprisonment for a term of at least three years, extendable up to seven years, along with a fine that may go up to ten lakh rupees.

Official Text

Save as otherwise provided in this Act, if any person intentionally gives false evidence—

(a) upon any examination on oath or solemn affirmation, authorised under this Act; or

(b) in any affidavit, deposition or solemn affirmation, in or about the winding up of any company under this Act, or otherwise in or about any matter arising under this Act, he shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and with fine which may extend to ten lakh rupees.