Acts

514 Corrupt inducement affecting appointment as liquidator

Section 514

CORRUPT INDUCEMENT AFFECTING APPOINTMENT AS LIQUIDATOR

Any person who gives, or agrees or offers to give, to any member or creditor of a company any gratification whatever with a view to -

(a) securing his own appointment or nomination as the company's liquidator; or

(b) securing or preventing the appointment or nomination of some person other than himself, as the company's liquidator'; shall be punishable with fine which may extend to ten thousand rupees.

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