Whoever fails to comply with any provision of this Act, the rules or the regulations 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. 15, for “liable to a penalty which may extend to one crore rupees” (w.e.f. 8-9-2014).