Penalties

Any person who - (a) having in his possession, custody or control any property forming part of the College, wrongfully withholds such property from the Government or any person authorised by the Government, as the case may be, in this behalf, or (b) wrongfully obtains possession of, or retains, any property forming part of the College or withholds or fails to furnish to the Government, or any person specified by the Government, as the case may be, any document relating to the College, which may be in his possession, custody or control, or (c) fails to deliver to the Government or any person specified by the Government, any assets, books of accounts, registers or other documents in his custody relating to the College, or (d) wrongfully removes or destroys any property forming part of the College, or (e) prefers any claim under this Act which he knows or has reasonable cause to believe to be false or inaccurate, shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to Rs. 10,000, or with both.