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CHAPTER VII REGISTRATION OF FIRMS

Section 70: Penalty for furnishing false particulars

The Indian Partnership Act, 1932

Any person who signs any statement, amending statement, notice or intimation under this Chapter containing any particular which he knows to be false or does not believe to be true, or containing particulars which he knows to be incomplete or does not believe to be complete, shall be punishable with imprisonment which may extend to three months, or with fine, or with both.

State Amendment (as printed in the official text)

Maharashtra

Amendment of section 70 of Act IX of 1932.—In section 70 of the principal Act, for the words “shall be punishable with imprisonment which may extend to three months, or with fine, or with both.” The following shall be substituted, namely :—

“shall, on conviction, be punished with imprisonment for a term which may extend to one year, or with fine, or with both :

Provided that in the absence of special and adequate reasons to the contrary to be mentioned in the judgement of the Court, the fine shall not be less than one thousand rupees.”.

[vide Maharashtra Act 29 of 1984, s. 15]

Maharashtra

Insertion of section 70A in Act IX of 1932.—After section 70 of the principal Act, the following section shall be inserted, namely :—

70A. Maximum fees and power to amend Schedule I.—(1) The fees payable under this Act and rules made thereunder shall not exceed the maximum fees as specified in Schedule I.

(2) Subject to the provisions of this section, the State Government may, having regard to the expenditure incurred or to be incurred for carrying out the purposes of this Act, from time to time, by notification in the Official Gazette, vary and of the amount of maximum fees and other particulars specified in Schedule I, and, thereupon, the said Schedule shall be deemed to be amended accordingly.

(3) Every notification issued under sub-section (2) shall take effect from the date of its publication in the Official Gazette, unless some other date is specified therein for this purpose.

(4) Every notification issued by the State Government under sub-section (2) shall be laid, as soon as may be after it is issued, before each House of the State Legislature, while it is in session, for a total period of thirty days, which may be comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, both Houses agree in making any modification in the notification or both Houses agree that the notification should not be issued, and notify such decision in the Official Gazette, the notification shall, from the date of publication of such decisions, have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done or omitted to be done in pursuance of that notification.”.

[vide Maharashtra Act 29 of 1984, s. 16]

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