(1) Any person who whether at his own instance or at the instance of any other person undertakes or carries out construction of or alterations to any building in an industrial estate or industrial area contrary to the terms under which he holds such building or land under this Act or any rules made thereunder shall, on conviction be punished with fine which may extend to 34[one lakh] rupees, and in the case of a continuing contravention with a further fine which may extend to 35[five thousand] rupees for every day during which such offence continues after conviction for the first commission of the offence.
(2) Any person who uses any land or building in an industrial estate or industrial area contrary to the terms under which he holds such land or building under this Act or any rules made thereunder or in contravention of the provisions of any regulations made in this behalf shall, on conviction, be punished with fine which may extend to36[ fifty thousand ]rupees.