PART VISHARE CAPITAL, ITS INCREASE, MAINTENANCE AND REDUCTION
CHAPTER IVREDUCTION OF SHARE CAPITAL
Penalty for concealing name of creditor, etc.151
If an officer of the company—
a
wilfully conceals the name of a creditor entitled to object to the reduction of capital;
b
wilfully misrepresents the nature or amount of the debt of claim of any creditor; or
c
aids, abets or is privy to any such concealment or misrepresentation,
he is guilty of an offence and liable to a fine.