Section 30, State Financial Corporations Act, 1951 [S1B-E3B]

As at 7 September 2026. In force from 29 September 1952 by S.O. 1052(E) [N11-J5V].

In State Financial Corporations Act, 1951 [A10-DCY]. This text from 6 December 2002, by Act 67 of 2002 [A11-84J]. Other texts (1): from 29 September 1952 to 5 December 2002.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 30, State Financial Corporations Act, 1951 [S1B-E3B]. Machine: S1B-E3B.

30. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to one crore rupees, and in the case of a continuing contravention, with an additional fine which may extend to one crore rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to fifty thousand rupees.

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Made under this section, or naming it (0)

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Cited by (1)

Section 2, State Financial Corporations Act (Amendment) Act, 2002 [S21-5VR], 6 December 2002, Band A. "section 30 of the State Financial Corporations Act, 1951 (63 of 1951)".

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