law: Companies Act, 2013 
  452.
  
    Punishment
  
  in case of repeated default.
  1.      If any officer or
  
  employee of a company—
  a.     
  
    wrongfully
  
  obtains possession of any property, including cash of the company; or
  b.    
  
    having
  
  any such property including cash in his possession, wrongfully withholds it or
  
  knowingly applies it for the purposes other than those expressed or directed in
  
  the articles and authorised by this Act, he shall, on the complaint of the
  
  company or of any member or creditor or contributory thereof, be punishable
  
  with fine which shall not be less than one lakh rupees but which may extend to
  
  five lakh rupees.
  2.      The Court trying an
  
  offence under sub-section (1 ) may also order such officer or employee to
  
  deliver up or refund, within a time to be fixed by it, any such property or
  
  cash wrongfully obtained or wrongfully withheld or knowingly misapplied, the
  
  benefits that have been derived from such property or cash or in default, to
  
  undergo imprisonment for a term which may extend to two years.