Section 57 Punishment for personation of shareholder

CHAPTER IV
SHARE CAPITAL AND DEBENTURES

[Section 57 is brought to force with effect from September 12, 2013.]

Punishment for personation of shareholder

Section 57. 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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