Companies Act, 2017

PART-XIII

GENERAL

Companies Act, 2017 PART-XIII GENERAL From: 2023-11-01 - To: 0000-00-00 453. Prevention of offences relating to fraud, money laundering and terrorist financing- (1) Every officer of a company shall endeavor to prevent the commission of any fraud, offences of money laundering including predicated offences as provided in the Anti-Money Laundering Act, 2010 (VII of 2010) with respect to affairs of the company and shall take adequate measures for the purpose. (2) Whosoever fails to comply with the provisions of this section shall be liable to punishment of imprisonment for a term which may extend to three years and with…