Section 447 of CA 2013 : Section 447: Punishment For Fraud

CA 2013

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Explanation using Example

Imagine a scenario where the CFO of XYZ Pvt. Ltd., Mr. John, deliberately manipulates the financial statements of the company to show higher profits. He does this by overstating the revenue figures and understating the expenses. The inflated profits lead to an increase in the share price of the company. Investors, misled by the fraudulent financial statements, invest in the company's shares. The fraud is eventually discovered, and it is determined that the amount involv...

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