Section 130
Prohibition Of Transaction Of Arms Without Obtaining License
(1)
No person shall transact arms and ammunition without obtaining a
license or in a manner to be contrary to the terms and restrictions
specified in the license, even if, obtained.
Explanation: For the purposes of this Chapter, 'transaction'
means procurement, sale, transport, obtaining ownership, transfer,
accumulating, stockpiling or collection, storage, export or import.
(2) A person who commits, or causes to be committed, the
offence referred to in sub-section (1) shall be liable to a sentence of
imprisonment for a term not exceeding seven years and a fine not
exceeding seventy thousand rupees.