Section 15, Government Securities Act, 2006 [S23-1YJ]

As at 7 September 2026. In force from 7 October 2006 by S.O. 383(E) [N12-CTF].

In Government Securities Act, 2006 [A11-B1M]. This text from 5 June 2011, by Act 77 of 2011 [A11-EWZ]. Other texts (1): from 7 October 2006 to 4 June 2011.

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

Cite: Section 15, Government Securities Act, 2006 [S23-1YJ]. Machine: S23-1YJ.

15. 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 fifty 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 fifty thousand rupees.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 2, Government Securities Act (Amendment) Act, 2011 [S25-SED], 5 June 2011, Band A. "section 15 of the Government Securities Act, 2006 (38 of 2006)".

Not held (0)

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Duties published under this section (0)

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