Micro, Small And Medium Enterprises Development Act, 2006
Section - 27 - Penalty for contravention of section 8 or section 22 or section 26
Penalty for contravention of section 8 or section 22 or section 26.
27. (1) Whoever intentionally contravenes or attempts to contravene or abets the contravention of any of the provisions contained in sub-section (1) of section 8 or sub-section (2) of section 26 shall be punishable-
(2) Where a buyer contravenes the provisions of section 22, he shall be punishable with a fine which shall not be less than rupees ten thousand.
| (a) | - | in the case of the first conviction, with fine which may extend to rupees one thousand; and |
| (b) | - | in the case of any second or subsequent conviction, with fine which shall not be less than rupees one thousand but may extend to rupees ten thousand. |
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