Deposit threshold redefinition: statutory cap or proportional to company deposits; mandatory imprisonment and fine imposed. Amendment to Section 76A replaces the fixed monetary threshold in clause (a) with a dual cap linked to the company's accepted deposits, applying the lower of the statutory limit or an amount based on deposits. Clause (b) changes the punishment provision by substituting the disjunctive penalty wording with conjunctive wording requiring imprisonment and fine and omitting the phrase that allowed imposing both as an alternative.
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Deposit threshold redefinition: statutory cap or proportional to company deposits; mandatory imprisonment and fine imposed.
Amendment to Section 76A replaces the fixed monetary threshold in clause (a) with a dual cap linked to the company's accepted deposits, applying the lower of the statutory limit or an amount based on deposits. Clause (b) changes the punishment provision by substituting the disjunctive penalty wording with conjunctive wording requiring imprisonment and fine and omitting the phrase that allowed imposing both as an alternative.
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