The Chit Funds Act, 1982 · XIII — MISCELLANEOUS

Section 77. Penalty for second and subsequent convictions

In force · As amended up to 2026-08

77. Penalty for second and subsequent convictions. —If any person convicted of an offence under sub-section (1) or sub-section (3) of section 76 is again convicted of an offence under any of the said sub-sections he shall be punishable for the second and for every subsequent offence with imprisonment for a term which may extend to two years and shall also be liable to fine.

Source: India Code