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Penalty for contravention of , and

Penalty for contravention of and  :

Section – 606.   牋Any person who is knowingly responsible—

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

牋牋牋牋牋牋(b) 牋for the issue of a form of [application for shares, debentures or Indian Depository Receipts];

in contravention of any of the provisions of [, and ], 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.