Punishment for wrongful or unauthorised disposal of property

Whoever, being an officer of a works department, dishonestly, wrongfully or fraudulently (a) disposes of or otherwise transfers; or (b) permits unauthorised use of goods, plant, machinery, tools, spares or other material and equipments from the stores, causing substantial loss to the works department shall be punished with imprisonment of either description which may extend to three years or with fine or both. Whenever any licensee intends to undertake the establishment of colony within the meaning of clause (a) of section 24, he shall be required to take permission of the Collector for which purpose he shall intimate in form IV to the Collector of the district for which he holds the licence. Such an intimation shall reach the Collector at least 90 days before he takes up development or sale of plots in the colony.