Penalty for Non Registration

(1) Whoever contravenes any provision of this Act shall, if no penalty is provided elsewhere, be punishable for the first offence with fine which may extend to Rs. 10,000, for any second offence with fine which may extend to Rs. 50,000 and for each subsequent offence with fine which may extend to Rs. 5,00,000 or six months imprisonment or both; (2) No court inferior to that of a Magistrate of the first class shall try any offence punishable under this Act.