Section 36Section 36

s. 36

36 If any person wilfully withholds or fails to deliver to a subsidiary Corporation, as required by Article 20, any property or any book, document or other paper which may be in his possession or unlawfully retains in his possession any property of an insurer which has vested in a subsidiary Corporation under clause (1) of Article 17 or wilfully applies any such property to purposes other than those expressed in or authorised by this Order or fails to comply with any order of the Government made under clause (2) of Article 21, he shall, on the complaint of the subsidiary Corporation, be punishable with imprisonment for a term which may extend to one year or with fine which may extend to one thousand taka or with both.