(1) Any person who knowingly or maliciously discloses false facts or misrepresents the truth in a statement, accounting report or any other document required to be kept or submitted in accordance with this Act or the rules made under this Act shall be imprisoned for three years or A fine up to three thousand rupees or both will be punished.
(2) If the director or any employee of the committee knowingly or negligently or maliciously causes damage to the committee by doing anything other than what is mentioned in sub-section (1), he shall be imprisoned for one year or fined up to one thousand rupees.
(3) If the director or any employee of the committee obstructs the person appointed to investigate under section 22, or if such person fails to provide documents or information requested by law without any reasonable reason, or if he is negligent, he shall be fined up to one thousand rupees.
(4) If anyone uses the name of the committee in any prospectus or advertisement without obtaining the written approval of the committee, 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.
(5) If a person who is an immediate director or general manager violates section 16 and is a shareholder in a written contract with the committee and takes any benefit from that position without having to declare it in accordance with that section, he will be punished with imprisonment for up to two years or a fine of up to five thousand rupees or both. br> (6) If there is any loss or damage to the committee as a result of the crime punishable under this section, the compensation for such loss and damage shall be recovered from the person who committed the crime.