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Section 30
Punishment
: (1) If any person knowingly falsifies or causes to be falsified in any document of the institute or in the institute, he shall be punished with imprisonment for a term which may extend to two years or with a fine which may extend to two thousand rupees or with both.
(2) If anyone obstructs the work of an inspector appointed under section 22 or an auditor appointed under section 27, or if such inspector or auditor fails to give documents or notices required by law without any reasonable reason or neglects to give them, he shall be fined up to a maximum of one thousand rupees. .
(3) If anyone uses the name of the Institute in any prospectus or advertisement without taking the written approval of the Institute, he shall be punished with imprisonment for a term which may extend to six months or with a fine which may extend to one thousand rupees or with both.
(4) If any person who is an immediate director or managing director violates section 16 and is a shareholder in a written contract with the company without having to declare it in accordance with that section, he shall be punished with imprisonment for a term not exceeding two years or with a fine of up to five thousand rupees or with both. will be punished.