Amendment of section 58

Amendment of section 58.-In section 58 of the principal Act, for the words “shall on conviction before a Magistrate be punished with fine which shall not be less than rupees fifteen thousand and with imprisonment for a term which may extend to one year”, the words “shall be punishable with imprisonment for a term which may extend to ten years and with fine which shall not be less than rupees on lakh” shall be substituted.