Penalty for non-compliance with direction

Any person who willfully fails to produce any document required by the Board or to furnish any information called for by the Board or willfully fails to comply with any directions issued by the Board under section 25, shall, on conviction be punished—

a. for the first offence, with imprisonment for a term which may extend to three months, or with fine which may extend to Rs. 5,000, or with both; and

b. for a second or subsequent offence, with imprisonment for a term which may extend to six months, or with fine which may extend to Rs. 10,000, or with both:

Provided that in the absence of special and adequate reasons to the contrary to be mentioned in the judgment of the court, in any case where the offender is sentenced to fine only, the amount of fine shall not be less than Rs. 1,000.