Failure to furnish required information by eligible investment funds may trigger a directed penalty and enforcement action under tax law. An eligible investment fund required to furnish a statement, information, or documents under the specified statutory filing obligation that fails to furnish those materials within the prescribed time may be directed by the designated income-tax authority to pay a fixed sum by way of penalty; the provision identifies the taxpayer class and prescribes applicability from the stated commencement date to the relevant assessment year and subsequent years.