Section 27:
Penalties.
Any person who,--
(a) having in his possession, custody or control any property forming part of any undertaking of
either of the two companies, wrongfully withholds such property from the Central Government or the
Government company concerned; or
(b) wrongfully obtains possession of or retains, any property forming part of any undertaking of
either of the two companies; or
(c) wilfully withholds or fails to furnish to the Central Government or the Government company
concerned or any person or body of persons specified by that Government or such Government
company, any document relating to such undertaking, which may be in his possession, custody or
control; or
(d) fails to deliver to the Central Government or the Government company concerned or any
person or body of persons specified by that Government or Government company, any assets, books
of account, registers or other documents in his possession, custody or control, relating to the
undertakings of either of the two companies; or
(e) wrongfully removes or destroys any property forming part of any undertaking of either of the
two companies or prefers any claim which he knows or has reason to believe to be false or grossly
inaccurate,
shall be punishable with imprisonment for a term which may extend to two years, or with fine which may
extend to ten thousand rupees, or with both.