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    <title>Penalty for contravention</title>
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    <description>Use of the words &quot;Producer Company Limited&quot; by anyone other than a registered Producer Company is punishable by a daily fine up to ten thousand rupees. A director or officer who willfully fails to furnish information to a member or authorised person faces imprisonment up to six months and a fine equal to five per cent of the company&#039;s preceding financial year turnover. Failure to hand over custody of books or property, or to convene annual or other general meetings, attracts a fine up to one lakh rupees and an additional continuing default fine up to ten thousand rupees per day.</description>
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