Companies Act, 1963
| [GA] | Penalty for concealment of certain matters in proceedings for reduction. |
77.—If any officer of the company— |
| [GA] |
( a ) wilfully conceals the name of any creditor entitled to object to the reduction; or |
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| [GA] |
( b ) wilfully misrepresents the nature or amount of the debt or claim of any creditor, |
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| [GA] |
he shall be liable on summary conviction to a fine not exceeding £100. |
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Variation of Shareholders' Rights. |