5. Penalties for commission of libel or printing or carving any libelous matter : If a person commits the following office, the person  shall be liable to a fine of up to Five Thousand Rupees and may also  be liable to the punishment of imprisonment for a term not exceeding  Two years:
(1) Libeling other person, or (2) Printing or carving any matter knowingly or have a reasonable reason to believe that it may result in libel to others.