Section 229: Penalty for furnishing false statement, mutilation, destruction of documents
This section is for punishing individuals who provide false statements or alter documents during investigations related to a company's affairs.
Penalty
(c) provides an explanation which is false or which he knows to be false, he shall be punishable for fraud in the manner as provided in section 447.
The section, clause by clause
What the section says
In plain terms
Where a person who is required to provide an explanation or make a statement during the course of inspection, inquiry or investigation, or an officer or other employee of a company or other body corporate which is also under investigation,—
(a)destroys, mutilates or falsifies, or conceals or tampers or unauthorised removes, or is a party to the destruction, mutilation or falsification or concealment or tampering or unauthorised removal of, documents relating to the property, assets or affairs of the company or the body corporate;
(b)makes, or is a party to the making of, a false entry in any document concerning the company or body corporate; or
(c)provides an explanation which is false or which he knows to be false, he shall be punishable for fraud in the manner as provided in section 447.
CHAPTER XV COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.