A person shall be punishable with fine which shall not be less than one thousand rupees and which may extend to five thousand rupees if ,-
(a) a registered co-operative society or an officer or member thereof or any liquidator, willfully makes a false return or furnishes false information or willfully neglects or refuses to do any act required by this Act or any rules or bye-law or does anything contrary to this Act or the rules or bye-laws; or
(b) willfully or without reasonable excuse disobeys any summons, requisition or lawfully written order issued under the provisions of this Act or does not produce documents , or cash balance of the cooperative society or furnish any information lawfully required from him by a person authorized in this behalf under the provision of this Act or fails to maintain up-to-date accounts, records and other documents of the cooperative society required to be maintained by him under this Act or the rules or bye-laws; or
(c) any employer who, without sufficient cause, fails to pay to a co-operative society amount deducted by him from its employees within a period of fourteen days from the date on which such deduction is made; or
(d) any officer or custodian who willfully fails to handover custody of books, accounts, documents, records, cash, security and other property belonging to a co-operative society of which he is an officer or custodian, to an authorized person; or
(e) whoever, before, during or after the election of members of the board or office bearers of managing body, adopts any corrupt practice.