Whoever contravenes the provisions of section 5 shall be punishable with fine which may extend to ten thousand rupees or five times the amount of the face value of the specified bank notes involved in the contravention, whichever is higher.
Section 7: Penalty for contravention of section 5.
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 | 7 |
| Marginal note | Penalty for contravention of section 5. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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