Lawgist24Offences
1[24. Offences.--(1) Without prejudice to any award of penalty by the adjudicating officer 2[or the Board] under this Act, if any person contravenes or attempts to contravene or abets the contravention of the provisions of this Act or of any rules or regulations made thereunder, he shall be punishable with imprisonment for a term which may extend to 3 [ten years, or with fine, which may extend to twenty-five crore rupees or with both].
(2) If any person fails to pay the penalty imposed by the adjudicating officer 2[or the Board] or fails to comply with any 4*** directions or orders, he shall be punishable with imprisonment for a term which shall not be less than one month but which may extend to 5 [ten years, or with fine, which may extend to twenty-five crore rupees or with both].
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1. Subs. by s. 13,ibid., for section 24 (w.e.f. 25-1-1995).
2. Ins. by Act 13 of 2018, s. 187 (w.e.f. 8-3-2019).
3. Subs. by Act 59 of 2002, s. 28, for "one year, or with fine, or with both" (w.e.f. 29-10-2002).
4. The words "of his" omitted by s. 187,ibid. (w.e.f. 8-3-2019).
5. Subs. by s. 28, ibid., for certain words (w.e.f. 29-10-2002).
- 16 Power of Central Government to issue direction
- 17 Power of Central Government to supersede the Board
- 18 Returns and reports
- 19 Delegation
- 20 Appeals
- 20A Bar of jurisdiction
- 21 Savings
- 22 Members, officers and employees of the Board to be public servants
- 23 Protection of action taken in good faith
- 24 Offences
- 24A Composition of certain offences
- 24B Power to grant immunity
- 25 Exemption from tax on wealth and income
- 26 Cognizance of offences by courts
- 26A Establishment of Special Courts
- 26B Offences triable by Special Courts
- 26C Appeal and revision
- 26D Application of Code to proceedings before Special Court
- 26E Transitional provisions
- 27 Contravention by companies
- 28 Omitted.
- 28A Recovery of amounts
- 28B Continuance of proceedings
- 29 Power to make rules
- 30 Power to make regulations
- 31 Rules and regulations to be laid before Parliament
- 32 Application of other laws not barred
- 33 Repealed.
- 34 Power to remove difficulties
- 34A Validation of certain acts
- 35 Repeal and saving
