Section 14, Marine Insurance Act, 1963 [S1H-ZZP]
As at 7 September 2026. In force from 27 September 1963.
14. 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 crore rupees, and in the case of a continuing contravention, with an additional fine which may extend to twenty-five 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 one lakh rupees.
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Made under this section, or naming it (0)
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Cited by (1)
Section 2, Marine Insurance Act (Amendment) Act, 2019 [S29-JMT], 21 November 2019, Band A. "section 14 of the Marine Insurance Act, 1963 (11 of 1963)".
Not held (0)
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Duties published under this section (0)
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