Section 27
Penalty.
About this Act
An Act to consolidate and amend the law relating to Government securities and to the management by the Reserve Bank of India of the public debt of the Government.
(1) If any person, for the purpose of obtaining for himself or for any other
person any title to a Government security, makes to any authority under this Act in any
application made under this Act or in the course of any inquiry undertaken in pursuance of this
Act any statement which is false and which he either knows to be false or does not believe to be
true, he shall be punishable with imprisonment for a term which may extend to six months, or
with fine or with both.
(2) No Court shall take cognizance of any offence under sub-section (1) except on the complaint of the Bank.
(2) No Court shall take cognizance of any offence under sub-section (1) except on the complaint of the Bank.