(1) If any vessel belonging to 1 [any citizen of India or commonwealth citizen] or sailing under 2 [Indian or British colours], hoists, carries or wears, within the limits of any port subject to this Act, any flag, jack, pennant or colours, the use whereof on board such vessel has been prohibited by the Merchant Shipping Act, 1894 (57 & 58 Viet., c. 60) or any other Statute now or hereafter to be in force, or by any proclamation made or to be made in pursuance of any such Statute, or by any of 3 [the regulations] in force for the time being, the master of the vessel shall, for every such offence, be punishable with fine .which may extend to fifty rupees.
(2) Such fine shall be in addition to any other penalty recoverable in respect of such an offence.
(3) The conservator of the port, or any officer of 4 [the Indian Navy], may enter on board any such vessel and seize and take away any flag, jack, pennant or colours so unlawfully hoisted, carried or worn on board the same.