Sections 128-129 of the Act deal with punishment for fraud in companies and the manner in which investigations of such fraud are conducted.
Section 36 of Companies Act deals with criminal liability of companies for fraudulently inducing persons to invest money, while Section 447 relates to punishment for fraud.
SC held that extension of period up to which delay can be condoned is not the same as the extension of limitation period ( Sagufa Ahmed & Ors. v. Upper Assam Plywood Products Pvt. Ltd. & Ors)
