https://www.taxtmi.com/acts?id=36336 The Act prescribes graduated criminal penalties for contraventions of section 3: solicitation attracts custodial and monetary penalties; acceptance attracts greater custodial and fine sanctions; acceptance combined with fraudulent default carries the highest custodial term and enhanced fines, potentially up to twice the aggregate funds collected. The statute defines "fraudulently" by reference to established penal meaning and treats wholly impracticable or unviable scheme terms as relevant evidence of intent to defraud. en-us Wed, 06 Mar 2019 14:22:06 +0530 Fri, 02 Aug 2019 14:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36336 The Act prescribes graduated criminal penalties for contraventions of section 3: solicitation attracts custodial and monetary penalties; acceptance attracts greater custodial and fine sanctions; acceptance combined with fraudulent default carries the highest custodial term and enhanced fines, potentially up to twice the aggregate funds collected. The statute defines "fraudulently" by reference to established penal meaning and treats wholly impracticable or unviable scheme terms as relevant evidence of intent to defraud. Act-Rules Indian Laws Wed, 06 Mar 2019 14:22:06 +0530 https://www.taxtmi.com/acts?id=36336