Act Number: 27

Act Name: The Micro, Small and Medium Enterprises Development Act, 2006

Year: 2006

Enactment Date: 2006-06-16

Long Title: An Act to provide for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.

Ministry: Ministry of Micro, Small and Medium Enterprises

Department:

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