Whoever knowingly and wilfully makes any declaration or statement specified under sub-section (1) of section 4, which is false in material particulars, or omits to make a material statement, or makes a statement which he does not believe to be true, shall be punishable with fine which may extend to fifty thousand rupees or five times the amount of the face value of the specified bank notes tendered, whichever is higher.
Section 6: Penalty for contravention of section 4.
The Specified Bank Notes (Cessation of Liabilities) Act, 2017Central Act · Act 2 of 2017
Where this provision sits
| Act | The Specified Bank Notes (Cessation of Liabilities) Act, 2017 |
|---|---|
| Section | 6 |
| Marginal note | Penalty for contravention of section 4. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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