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of <h1>Repeat Offenders Under Section 24 of Banning of Unregulated Deposit Schemes Act Face Severe Penalties and Fines</h1> Section 24 of the Banning of Unregulated Deposit Schemes Act, 2019, prescribes penalties for repeat offenders. Individuals previously convicted of an offence under this chapter, excluding section 26, and subsequently convicted again, face imprisonment ranging from five to ten years. Additionally, they are subject to a fine between ten lakh rupees and fifty crore rupees.
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