Section 11N: Punishment under sections 11H to 11K

11N. Punishment under sections 11H to 11K. 1[(1)] Any person who commits an offence under sections 11H to 11K, shall be punishable on conviction with imprisonment for a term not less than 2[five years] and not exceeding 2[ten years] and with fine 1[not exceeding twenty-five million rupees]. 1[(2) If a legal person commits an offence under sections 11H to 11K such person shall be liable on conviction to a fine not exceeding fifty million rupees. (3) Every director, officer or employee of such legal person found guilty shall be punishable on conviction with imprisonment for a term not less than five years and not exceeding ten years and with fine not exceeding twenty-five million rupees: Provided that the punishment of the director, officer or employee shall be effective and in due proportion to his role.]

Effective date: 1997-08-16

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