Section 56: Penalties .-(1) Whoever in any return, balance-sheet, or other document or in any information required or furnished by or under or for the purposes of any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine

Q: What does Section 56 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) deal with?

Section 56 NABARD Act pertains to "Penalties .-(1) Whoever in any return, balance-sheet, or other document or in any information required or furnished by or under or for the purposes of any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine". It is part of the The National Bank for Agriculture and Rural Development Act, 1981, a legislation enacted by the Parliament of India. Section 56 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) prescribes penalties .-(1) Whoever in any return, balance-sheet, or other document or in any information required or furnished by or under or for the purposes of any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine. As verified on 19 May 2026.

Q: Is Section 56 NABARD Act still in force?

Yes, Section 56 of the The National Bank for Agriculture and Rural Development Act, 1981 is currently in force across the Republic of India.

Q: What is धारा 56 NABARD Act?

धारा 56 NABARD Act is the Devanagari Hindi reference for Section 56 of the The National Bank for Agriculture and Rural Development Act, 1981. Section 56 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) prescribes penalties .-(1) Whoever in any return, balance-sheet, or other document or in any information required or furnished by or under or for the purposes of any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine. As verified on 19 May 2026.

Q: What is Dhara 56 NABARD Act?

Dhara 56 NABARD Act is the Roman Hindi reference for Section 56 of the The National Bank for Agriculture and Rural Development Act, 1981. "Dhara" means "Section" in Hindi. Section 56 of The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act) prescribes penalties .-(1) Whoever in any return, balance-sheet, or other document or in any information required or furnished by or under or for the purposes of any provision of this Act, wilfully makes a statement which is false in any material particular, knowing it to be false, or wilfully omits to make a material statement, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine. As verified on 19 May 2026.

Q: How to cite Section 56 of The National Bank for Agriculture and Rural Development Act, 1981?

Cite as: "Section 56, The National Bank for Agriculture and Rural Development Act, 1981 (NABARD Act)" in legal briefs. For academic writing, use the BlueBook format: The National Bank for Agriculture and Rural Development Act, 1981, § 56 (India).

Law on Tips Editorial Board

(2)

If any person fails to produce any book, account or other document, or to furnish any statement or information which, under the provisions of this Act, it is his duty to produce or furnish, he shall be punishable with a fine which may extend to two thousand rupees in respect of each offence and in the case of a continuing failure, with an additional fine which may extend to one hundred rupees for every day during which the failure continues after conviction for the first such failure.