General provision for punishment of offences

Whoever contravenes any of the provisions of this Act or the rules and regulations made thereunder, for which no specific penalty is provided for, shall, for the contravention, be punished, -

1. (a) for the first offence, with fine which may extend to five thousand rupees; and
2. (b) for a second or any subsequent offence, with fine which shall not be less than ten thousand rupees but which may extend to one lac rupees.