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Section 23 - Banning of Unregulated Deposit Schemes Act, 2019

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.

Related Sections

Section 39: Laying of rules
Section 33: Publication of advertisement of Unregulated Deposit Scheme
Section 22: Punishment for contravention of section 4
Section 11: Information to be shared
Section 8: Designated Court

Related Acts

India International Arbitration Centre Act, 2019
Payment of Wages (Amendment) Act, 2017
Assisted Reproductive Technology (Regulation) Act, 2021
Central Goods and Services Tax (Amendment) Act, 2018
Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Act, 2019

* Only for reference.