An officer of the corporate debtor shall be punishable with imprisonment for a term which shall not be less than three years, but which may extend to five years, or with fine which shall not be less than one lakh rupees, but which may extend to one crore rupees, or with both, if such officer—

1. does not disclose to the resolution professional all the details of property of the corporate debtor, and details of transactions thereof, or any such other information as the resolution professional may require;
2. does not deliver to the resolution professional all or part of the property of the corporate debtor in his control or custody and which he is required to deliver;
3. does not deliver to the resolution professional all books and papers in his control or custody belonging to the corporate debtor and which he is required to deliver;
4. fails to inform the resolution professional of the information in his knowledge that a debt has been falsely proved by any person during the corporate insolvency resolution process;
5. prevents the production of any book or paper affecting or relating to the property or affairs of the corporate debtor;
6. accounts for any part of the property of the corporate debtor by fictitious losses or expenses at any meeting of the creditors of the corporate debtor within the twelve months immediately preceding the insolvency commencement date; or
7. has attempted to account for any part of the property of the corporate debtor by fictitious losses or expenses at any meeting of the creditors of the corporate debtor in the previous year.