Section 27 of MSMED Act, 2006: Penalty for contravention of section 8 or section 22 or section 26

The Micro, Small and Medium Enterprises Development Act, 2006

Chapter-VI Miscellaneous

Section 27: Penalty for contravention of section 8 or section 22 or section 26.

27. (1) Whoever intentionally contravenes or attempts to contravene or abets the contravention of any of the provisions contained in sub-section (1) of section 8 or sub-section (2) of section 26 shall be punishable—

(a) in the case of the first conviction, with fine which may extend to rupees one thousand; and

(b) in the case of second or subsequent conviction, with fine which shall not be less than rupees one thousand but may extend to rupees ten thousand.

(2) Where a buyer contravenes the provisions of section 22, he shall be punishable with fine which shall not be less than rupees ten thousand.


 


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