Section 29, Indian Institute of Management Act, 2017 [S28-4G8]

As at 12 September 2017. In force from 12 September 2017.

In Indian Institute of Management Act, 2017 [A11-MM8]. This text from 12 September 2017 to 23 March 2022. Other texts (1): from 24 March 2022.

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

Cite: Section 29, Indian Institute of Management Act, 2017 [S28-4G8]. Machine: S28-4G8@2017-09-12.

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

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Cited by (1)

Section 2, Indian Institute of Management Act (Amendment) Act, 2022 [S2A-ZRB], 24 March 2022, Band A. "section 29 of the Indian Institute of Management Act, 2017 (33 of 2017)".

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