Whoever fails to comply with any provision of this Act, the rules or the regulations or bye-laws made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be 1[liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees].
Footnotes in the official text
- 1.Subs. by Act 27 of 2014, s. 48, for certain words (w.e.f. 28-3-2014).