The Industries (Development And Regulation) Act, 1951
24A. Penalty for false statements
1[24A. Penalty for false statements. If any person. –
(a) When required by this Act or by any order under this Act to make any statement or furnishes any information which is false in any material particular and which he knows or has reasonable cause to believe to false or does not believe to be true:
(b) Makes any such statements as previously mentioned in any book, account, record, declaration return or other document, which he is required by any order made under this Act to maintain or furnish.
He shall be punishable with imprisonment, which may extend to three months or with fine which may extend to two thousand rupees, or with both],
1. Ins. by Act 26 of 1953, sec. 16 (w.e.f. 1-10-1953)