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

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

In Government Securities Act, 2006 [A11-B1M]. This text from 7 October 2006 to 4 June 2011. Other texts (1): from 5 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@2006-10-07.

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

none

Made under this section, or naming it (0)

none

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)

none

Duties published under this section (0)

none