Section 30
Penalties
(1) If any person knowingly inserts, or causes to be inserted, a false content in, or forges, or caused to be forged, a document of, or held in, the Corporation, the person shall be liable to the penalty of imprisonment
for a term not exceeding Two years or a fine of up to Two Thousand Rupees or with both penalties.
(2) If any director or employee of the Corporation obstructs the inspector appointed under Section 22 or the auditor appointed under Section 27 with his or her business or does not provide, except for any reasonable reason, such document or information to such an inspector or auditor as demanded by him or her in accordance with law, or commits recklessness in the provision of such document or information, such a person shall be liable to the penalty of a fine of up to One Thousand Rupees.
(3) If any person uses the name of the Corporation in any prospectus or advertisement without obtaining written permission of the Corporation, the person shall be liable to the penalty of imprisonment for a term not
exceeding Six months or a fine of up to One Thousand Rupees or with both penalties.
(4) If any person who was the then director or managing director of the Corporation becomes a partner in a written contract made with the Corporation in violation of Section 16 and without making disclosure as required under that Section and makes or attempts to make any undue benefit in that capacity, that person shall be liable to the penalty of imprisonment for a term not exceeding Two years or a fine of up to Five Thousand Rupees or with both penalties.
for a term not exceeding Two years or a fine of up to Two Thousand Rupees or with both penalties.
(2) If any director or employee of the Corporation obstructs the inspector appointed under Section 22 or the auditor appointed under Section 27 with his or her business or does not provide, except for any reasonable reason, such document or information to such an inspector or auditor as demanded by him or her in accordance with law, or commits recklessness in the provision of such document or information, such a person shall be liable to the penalty of a fine of up to One Thousand Rupees.
(3) If any person uses the name of the Corporation in any prospectus or advertisement without obtaining written permission of the Corporation, the person shall be liable to the penalty of imprisonment for a term not
exceeding Six months or a fine of up to One Thousand Rupees or with both penalties.
(4) If any person who was the then director or managing director of the Corporation becomes a partner in a written contract made with the Corporation in violation of Section 16 and without making disclosure as required under that Section and makes or attempts to make any undue benefit in that capacity, that person shall be liable to the penalty of imprisonment for a term not exceeding Two years or a fine of up to Five Thousand Rupees or with both penalties.