If any person fails to comply with the directions issued by the Board under section 19, within the time specified by it, he shall be liable to a penalty 1[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees].
Footnotes in the official text
- 1.Subs. by s. 47, ibid., for certain words (w.e.f. 8-9-2014).