CORRUPT INDUCEMENT AFFECTING APPOINTMENT AS LIQUIDATOR

Any person who gives, or agrees or offers to give, to any member or creditor of a company any gratification whatever with a view to -

(a) securing his own appointment or nomination as the company's liquidator; or

(b) securing or preventing the appointment or nomination of some person other than himself, as the company's liquidator'; shall be punishable with fine which may extend to ten thousand rupees.