Section 39, Tamil Nadu Protection of Interests of Depositors Act, 1997 [S2K-68K]

As at 22 January 1998. In force from 22 January 1998 by No. 1327/1998 [N12-Z4G].

In Tamil Nadu Protection of Interests of Depositors Act, 1997 [A12-56Z]. This text from 22 January 1998 to 30 November 2010. Other texts (1): from 1 December 2010.

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

Cite: Section 39, Tamil Nadu Protection of Interests of Depositors Act, 1997 [S2K-68K]. Machine: S2K-68K@1998-01-22.

39. 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 crore rupees, and in the case of a continuing contravention, with an additional fine which may extend to one 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 one lakh rupees.

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Cited by (1)

Section 2, Tamil Nadu Protection of Interests of Depositors (Amendment) Act, 2010 [S2M-TH6], 1 December 2010, Band A. "section 39 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997)".

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