https://www.taxtmi.com/acts?id=36337 Contravention of the prohibition in section 4 of the Act attracts a dual penal regime: criminal incarceration and mandatory monetary sanction. A deposit taker who breaches section 4 faces imprisonment for a term that may extend up to seven years and/or a fine whose minimum and maximum bounds are specified, with the upper measure linked to the greater of a prescribed cap or the multiples of fraudulent-default profits. en-us Wed, 06 Mar 2019 14:22:15 +0530 Fri, 02 Aug 2019 14:13:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36337 Contravention of the prohibition in section 4 of the Act attracts a dual penal regime: criminal incarceration and mandatory monetary sanction. A deposit taker who breaches section 4 faces imprisonment for a term that may extend up to seven years and/or a fine whose minimum and maximum bounds are specified, with the upper measure linked to the greater of a prescribed cap or the multiples of fraudulent-default profits. Act-Rules Indian Laws Wed, 06 Mar 2019 14:22:15 +0530 https://www.taxtmi.com/acts?id=36337