Penalty for false evidence :
Section – 629. If any person intentionally gives false evidence—
(a ) upon any examination upon 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 may extend to seven years, and shall also be liable to fine.