The Insurance Regulatory and Development Authority Act, 1999 · VI — MISCELLANEOUS

Section 104. Penalty for false statement in document

In force · As amended up to 2026-08

104. Penalty for false statement in document .— If a person fails to comply with the provisions of section 27 or section 27A or section 27B or section 27C or section 27D, he shall be liable to a penalty not exceeding five lakh rupees for each such failure.

Source: India Code