Section 12, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MSP]
As at 27 October 2006. In force from 24 September 2000.
12. 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 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.
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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)".
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