Section 44, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1H-F15]

As at 7 September 2026. In force from 25 October 1962.

In State Associated Banks (Miscellaneous Provisions) Act, 1962 [A10-J0N]. This text from 20 November 1973, by Act 88 of 1973 [A10-PXT]. Other texts (1): from 25 October 1962 to 19 November 1973.

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

Cite: Section 44, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1H-F15]. Machine: S1H-F15.

44. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to twenty-five lakh rupees, and in the case of a continuing contravention, with an additional fine which may extend to five lakh 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 Associated Banks (Miscellaneous Provisions) Act (Amendment) Act, 1973 [S1P-2YJ], 20 November 1973, Band A. "section 44 of the State Associated Banks (Miscellaneous Provisions) Act, 1962 (56 of 1962)".

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