(1) If any person causes or attempts to cause loss to the Corporation by omitting knowingly or recklessly to do any such act or action as required to be done by him or her under this Act or the Rules framed under this Act or doing any such act or action as forbidden by this Act or such Rules, the amount in question of the loss, if any, shall be recovered from such a person and such person shall be liable to the punishment of imprisonment for a term not exceeding Three years or a fine
of up to Three Thousand Rupees or with both punishments.
(2) If any person uses the name of the Corporation in any prospectus or advertisement without obtaining written permission of the Corporation,
the person shall be liable to the punishment of imprisonment for a term not exceeding Six months or a fine of up to One Thousand Rupees or with both
punishments.
(3) If any person obstructs the auditor assigned under Section 16 with his or her business or does not provide, except for any reasonable
reason, such document or information to the auditor as requested by the auditor in accordance with law, such a person shall be liable to the
punishment of a fine of up to One Thousand Rupees.
(4) If any person knowingly or with mala fide intention violates the other matters set forth in this Act or the Rules framed hereunder, except
those set forth in Sub-sections (1), (2) and (3), such a person shall be liable to the punishment of a fine of up to One Thousand Rupees.