Section 14
Section 14
(1)
Any licensee who-
(a)
fraudulently converts to his own use or to the use of any other person -
(i)
any moneys, or any part of any moneys, received by him on behalf of any person in respect of any transaction in his capacity as a travel agent; or
(ii)
any moneys, or part of any moneys, so re-ceived which are held by him in trust pending the completion of any transaction;
(b)
fraudulently omits to account for, deliver or pay
(i)
any such moneys or any part thereof so re-ceived by him on behalf of any person to such person; or
(ii)
any such moneys or any part thereof so re-ceived by him which are or were held by him in trust as aforesaid pending the completion of the transaction to the person or persons enti-tled to such moneys; or
(c)
fraudulently renders an account knowing such account to be false in any material particu-lars-
(i)
of any such moneys or any part thereof so received by him on behalf of any person;
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Travel Agents
(ii)
of any moneys so received by him which are or were held by him in trust pending the comple-tion of any transaction or any part of such moneys; or
(iii)
of expenses, commission or other" charges in-cidental to any transaction or proposed or contemplated transaction as a travel agent, shall be guilty of an offence: Penalty, imprisonment for 3
years.
(2)
Nothing contained in this section shall be so con-strued as to limit or in any way affect the provisions of any other written law.
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