section 129
Punishment for contravention of section
The Dadra and Nagar Haveli and Daman and Diu Co-Operative Societies Regulation, 2024Corporate2024155 sections12 chapters
Chapter XII INSURED CO-OPERATIVE BANK
Statutory text
Every employer or officer, member, agent or servant of Committee of co-operative bank, who contravenes the provisions of section 125 shall, on conviction, be punished,—
- (i) under clause (a) of that section, with fine which may extend to fifty thousand rupees;
- (ii) under clause (b) of that section, with imprisonment for a term which may extend to six months or with fine which may extend to one lakh rupees or with both;
- (iii) under clause (c) of that section, with imprisonment for a term which may extend to one year or with fine which may extend to one lakh rupees or with both;
- (iv) under clause (d) of that section, with imprisonment for a term which may extend to six months or with fine which may extend to one lakh rupees or with both;
- (v) under clause (e) of that section, with imprisonment for a term which may extend to one year or with fine which may extend to one lakh rupees or with both;
- (vi) under clause (f) of that section, with imprisonment for a term which may extend to two years or with fine which may extend to two lakh rupees or with both;
- (vii) under clause (g) of that section, with imprisonment for a term which may extend to one year or with fine which may extend to one lakh rupees or with both.
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