Section 57:
Punishment for personation of shareholder.
If any person deceitfully personates as an owner
of any security or interest in a company, or of any share warrant or coupon issued in pursuance of this
Act, and thereby obtains or attempts to obtain any such security or interest or any such share warrant or
coupon, or receives or attempts to receive any money due to any such owner, he shall be punishable with
imprisonment for a term which shall not be less than one year but which may extend to three years and
with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.