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Section 79F: Non-compliance with directions

Co-operatives Act · PART XIA: FUNCTIONS AND POWERS OF REGISTRAR IN RELATION TO CREDIT UNION

This section is inserted by 18 THE FINANCE ACT 2025, section 10.

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

79F. Non-compliance with directions (1) Any person to whom a direction is given under this Act shall comply with the direction and where he fails to comply with the direction and a time period is specified for compliance, the person shall commit a separate offence Acts 2025 247 for each day on which the direction is not complied with, after the time period for compliance has elapsed, and shall, on conviction, in respect of each offence, be liable to a fine of 5,000 rupees per day. (2) Any person who knowingly hinders or prevents compliance with a direction given under this Act shall commit an offence and shall, on conviction, be liable to a fine not exceeding one million rupees and to imprisonment for a term not exceeding 5 years.

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