Punishment for applying for registration of or use of bogus firm name

Whoever, applies for the registration of a bogus or non-existent firm, or uses a bogus or non-existent firm name, for the purpose of manipulating, sales-tax evasion for collusive bidding or for submitting collusive tender, shall be punished with imprisonment of either description which may extend to three years or with fine or both. The expenses incurred by the Collector in the management of the land shall be included in the development charges of the land and shall be recoverable on "Pro rata" or any other reasonable and fair basis from persons to whom the plots have been allotted under the scheme.