Section 103. Punishment of insolvent for certain offences

103. Punishment of insolvent for certain offences.-- Any person adjudged insolvent who -- (a) fraudulently with the intent to conceal the state of his affairs or to defeat the objects of this Act, -- (i) has destroyed or otherwise willfully prevented or purposely withheld the production of any book, paper or writing relating to such of his affairs as are subject to investigation under this Act, or (ii) has kept or caused to be kept false books, or (iii) has made false entries in , or withheld entries from, or willfully altered or falsified, any book, paper or writing relating to such of his affairs as are subject to investigation under this Act, or (b) fraudulently with intent to diminish the sum to be divided amongst his creditors or of giving an undue preference to any of the said creditors, -- (i) has discharged or concealed any debt due to or from him, or (ii) has made away with , charged, mortgaged or concealed any part of his property of what kind so ever, shall on conviction be punishable with imprisonment for a term which may extend to two years. 3 [103A. Disqualifications of insolvent .-- (1) Where a debtor is adjudged or read judged insolvent under this Act, he shall, subject to the provisions of this section, be disqualified from— (a) being appointed or acting as a Magistrate; (b) being elected to any office of any local authority where the appointment to such office is by election, or holding or exercising any such office to which no salary is attached; and (c) being elected or sitting or voting as a member of any local authority. (2) The disqualifications which an insolvent is subject to under this section shall be removed, and shall cease if—