Central Act
44
Section 44. Penalty for making false statement or omission to furnish material information.
In forceAll India (Central Act)
44. Penalty for making false statement or omission to furnish material information. If any person, being a party to a combination,-- (a) makes a statement which is false in any material particular, or knowing it to be false; or (b) omits to state any material particular knowing it to be material, such person shall be liable to a penalty which shall not be less than rupees fifty lakhs but which may extend to rupees one crore, as may be determined by the Commission.