Amended and updated notes on section 229 of Companies Act 2013. Detail discussion on provisions and rules related to penalty for furnishing false statement, mutilation, destruction of documents.
Chapter XIV (Sections 206–229) of the Companies Act, 2013 (CA 2013) deals with the provisions related to Inspection, Inquiry and Investigation. Section 229 of CA 2013 provides for penalty for furnishing false statement, mutilation, destruction of documents.
Recently, we have discussed in detail section 228 (Investigation, etc., of foreign companies) of CA 2013. Today, we learn the provisions of section 229 of Companies Act 2013.
The provisions of section 229 are effective from 1-April-2014. You may refer Notification No. S.O. 902(E) issued dated 27-03-2014. In this article, you will learn detail of the provisions of section 229 of the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XIV |
| Chapter Name | Inspection, Inquiry and Investigation |
| Section No. | 229 |
| Section Name | Penalty for furnishing false statement, mutilation, destruction of documents |
| Monthly Updated Edition | Company Law PDF |
Section 229 of Companies Act 2013: Penalty for furnishing false statement, mutilation, destruction of documents
Section 229 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
Where a person who is required to provide an explanation or make a statement during the course of inspection, inquiry or investigation, or an officer or other employee of a company or other body corporate which is also under investigation, —
- (a) destroys, mutilates or falsifies, or conceals or tampers or unauthorisedly removes, or is a party to the destruction, mutilation or falsification or concealment or tampering or unauthorised removal of, documents relating to the property, assets or affairs of the company or the body corporate;
- (b) makes, or is a party to the making of, a false entry in any document concerning the company or body corporate; or
- (c) provides an explanation which is false or which he knows to be false,
he shall be punishable for fraud in the manner as provided in section 447.