The Banning of Unregulated Deposit Schemes Act, 2019 · VI — OFFENCES AND PUNISHMENTS

Section 23. Punishment for contravention of section 5

In force · As amended up to 2026-08

23. Punishment for contravention of section 5. —Any person who contravenes the provisions of section 5 shall be punishable with imprisonment for a term which shall not be less than one year but which may extend to five years and with fine which may extend to ten lakh rupees.

Source: India Code