section 15
Amendment of section 70 of Act IX of 1932
The Indian Partnership (Maharashtra Amendment) Act, 1973Corporate197318 sections
Statutory text
In section 70 of the principal Act, for the words " shall be punishable with imprisonment which may extend to three months, or with fine, or with both." the following shall be substituted, namely :— " shall, on conviction, be punished with imprisonment for a term which may extend to one year, or with fine, or with both : Provided that in the absence of special and adequate reasons to the contrary to be mentioned in the judgment of the Court, the fine shall not be less than one thousand rupees.".
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