Central Act

23

Section 23. Punishment for contravention of section 5.

The Banning of Unregulated Deposit Schemes Act, 2019

In forceAll India (Central Act)

23. Punishment for contravention of section 5. Any person who contravenes the provisions of section 5 shall be punishable with imprisonment for a term which shall not be less than one year but which may extend to five years and with fine which may extend to ten lakh rupees.