Section 40, National Bank for Agriculture and Rural Development Act, 1981 [S1S-0PX]

As at 7 September 2026. In force from 26 March 1984 by S.O. 3283(E) [N12-2BN].

In National Bank for Agriculture and Rural Development Act, 1981 [A10-V4W]. This text from 26 March 1984. No other text held.

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

Cite: Section 40, National Bank for Agriculture and Rural Development Act, 1981 [S1S-0PX]. Machine: S1S-0PX.

40. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to five hundred rupees, and in the case of a continuing contravention, with an additional fine which may extend to five thousand 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 five hundred rupees.

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