Central Act
22
Section 22. Punishment for contravention of section 4.
The Banning of Unregulated Deposit Schemes Act, 2019
In forceAll India (Central Act)
22. Punishment for contravention of section 4. Any deposit taker who contravenes the provisions of section 4 shall be punishable with imprisonment for a term which may extend to seven years, or with fine which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of the fraudulent default referred to in said section, whichever is higher, or with both.