606 Penalty for contravention of sections 603, 604 and 605 | Knowledge Bank

606. PENALTY FOR CONTRAVENTION OF SECTIONS 603, 604 AND 605

Any person who is knowingly responsible -

(a) for the issue, circulation or distribution of a prospectus ; or

(b) for the issue of a form of application for shares, debentures or Indian Depository Receipt ;

in contravention of any of the provisions of sections 603, 604 ,605 and 605A, shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to fifty thousand rupees, or with both.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.