Companies Act, 1956
Sec 420 - Penalty for contravention of Sections 417, 418
and 419.
Any officer of a company, or any such trustee of a provident
fund as is referred to in sub-section (4) of section 418 who, knowingly,
contravenes, or authorizes or permits the contravention of, the provisions of
section 417, 418 or 419, shall be punishable with imprisonment for a term which
may extend to six months, or with fine which may extend to ten thousand rupees.