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Section 24 - Banning of Unregulated Deposit Schemes Act, 2019

24. Punishment for repeat offenders.-

Whoever having been previously convicted of an offence punishable under this Chapter, except the offence under section 26, is subsequently convicted of an offence shall be punishable with imprisonment for a term which shall not be less than five years but which may extend to ten years and with fine which shall not be less than ten lakh rupees but which may extend to fifty crore rupees.

Related Sections

Section 31: Power to enter, search and seize without warran
Section 18: Powers of Designated Court
Section 43: Power to remove difficulties
Section 26: Punishment for contravention of section 10
Section 25: Offences by deposit takers other than individuals

Related Acts

Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Act, 2019
Criminal Law (Amendment) Act, 2018
Indian Penal Code, 1860
Rashtriya Raksha University Act, 2020
Telecommunications Act, 2023

* Only for reference.