Section 44, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-7WY]

As at 7 September 2026. In force from 11 January 2003.

In Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [A11-87M]. This text from 7 March 2018, by Act 67 of 2018 [A11-N5B]. Other texts (1): from 11 January 2003 to 6 March 2018.

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

Cite: Section 44, Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [S21-7WY]. Machine: S21-7WY.

44. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to fifty thousand 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 one thousand rupees.

Defined terms in this text (0)

none

Made under this section, or naming it (0)

none

Cited by (1)

Section 2, Industrial Development Bank (Transfer of Undertaking and Repeal) Act (Amendment) Act, 2018 [S28-GS0], 7 March 2018, Band A. "section 44 of the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 (53 of 2003)".

Not held (0)

none

Duties published under this section (0)

none