firm - capital contribution by cash

No partner can withdraw or introduce capital more than or equal to Rs 2,00,000 in cash  the firm Otherwise will attract penalty us sec 271 DA

1. The only section which stands in way of contributing in cash by the partners as capital is sec 269ST. 
2. Sec 269ST says that cash transaction per day to a person cannot exceed Rs.2 lakhs. If cash transaction was undertaken in excess of Rs. 2 lakhs per day then penalty equal to the amount of such transaction will be levied u/s 271DA. 
3. Sec 269ST is a general section and irrespective of the nature of the entity and tranaction if it had exceeded Rs. 2 in a day in cash this provision will come into operation. So the introduction of capital by partners will also be covered under this section. 
4. However, in the above transaction cash amount had not exceeded Rs. 2 lakhs hence sec 269ST will not come into operation. 
5. To answer your question there will not be any violations with respect to the introduction of capital by 3 partners by cash. 
Please correct me if the above solution has an alternative view.