Section 57 of Companies Act, 2013 – Punishment for Personation of Shareholder

  • Updated Till : June 22, 2017

SECTION 57. PUNISHMENT FOR PERSONATION OF SHAREHOLDER

[Effective from 12th September, 2013]

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.

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