Section 51
Non-submission Of Prescribed Statements Or Documents
(1) If any person responsible to submit any statement, document or report to the Controller or Certifying Authority under this Act or Rules framed hereunder,
fails to submit such statement, document, or report within the specified time limit, such a person shall be liable to the punishment with a fine not exceeding
fifty thousands Rupees.
(2) Any person who fails to maintain duly any book, register, records or account and in a secured manner to be maintained duly and in a secured
manner under this Act or Rules framed hereunder shall be liable to the punishment with a fine not exceeding fifty thousands Rupees.