Section 12, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MSP]

As at 7 September 2026. In force from 24 September 2000.

In Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [A12-5WE]. This text from 23 November 2023, by Maharashtra Act 79 of 2023 [A12-BZN]. Other texts (2): from 24 September 2000 to 26 October 2006; from 27 October 2006 to 22 November 2023.

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

Cite: Section 12, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MSP]. Machine: S2K-MSP.

12. 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 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 fifty thousand rupees.

Defined terms in this text (0)

none

Made under this section, or naming it (0)

none

Cited by (2)

Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2006 [S2M-F4Q], 27 October 2006, Band A. "section 12 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".

Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2023 [S2N-QX7], 23 November 2023, Band A. "section 12 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".

Not held (0)

none

Duties published under this section (0)

none