PART V

Share Capital, its Increase, Maintenance and Reduction
CHAPTER IV

Reduction of Share Capital

Penalty for concealing name of creditor, etc.
141
If an officer of the company—
a
wilfully conceals the name of a creditor entitled to object to the reduction of capital; or
b
wilfully misrepresents the nature or amount of the debt or claim of any creditor; or
c
aids, abets or is privy to any such concealment or misrepresentation as is mentioned above,
he is guilty of an offence and liable to a fine.