Offences and penalties

Any person who-

1. (a) having in his possession or custody or control any asset or property forming part of, or relatable to the Institution, wrongfully withholds such asset or property from the Administrator or any person authorised under this Act; or
2. (b) wrongfully obtains possession of any such asset or property forming part of, or relatable to the Institution; or
3. (c) wilfully retains any asset or property forming part of, or relatable to the Institution, or remove or destroy it; or
4. (d) wilfully withholds or fails to deliver any books, papers or other documents relatable to the Institution which may be in his possession or custody or under his control, to the Administrator or any person authorised under this Act; or
5. (e) fails, without any reasonable cause, to furnish any inventory of properties and assets as provided in sub-section

1. (3) of section 9, shall be punishable with imprisonment for a term which may extend to five years, or with fine which may extend to fifty thousand rupees, or with both.