Section 14: Transactions for bankrupt
consolidated text (as at 2005). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
14. Transactions for bankrupt
(1) No broker shall negotiate any note or bill of exchange or sell any merchandise belonging to any bankrupt.
(2) Any broker who contravenes this section shall commit an offence and
shall, on conviction, be liable to the forfeiture of his commission and to a
fine not exceeding 2,000 rupees and shall be personally responsible for the
amount of any sale or transaction so effected.