Section 54 Penalty for false information - The Benami Transactions (Prohibition) Amendment Act 2016

What is the Penalty for false information? Section 54 of The BTP (Prohibition) Amendment Act 2016


 

Section 54 : Penalty for false information

Any person who is required to furnish information under this Act knowingly
gives false information to any authority or furnishes any false document in any proceeding under this Act, shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to five years and shall also be liable to fine which may extend to ten per cent. of the fair market value of the property

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