Punishment for false evidence :
Section – 449. Save as otherwise provided in this Act, if any person intentionally gives false evidence—
(a) | upon any examination on oath or solemn affirmation, authorised under this Act; or | |
(b) | in any affidavit, deposition or solemn affirmation, in or about the winding up of any company under this Act, or otherwise in or about any matter arising under this Act, |
he shall be punishable with imprisonment for a term which shall not be less than three years but which may extend to seven years and with fine which may extend to ten lakh rupees.