Punishment for contravention :
Section – 159. If any individual or director of a company, contravenes any of the provisions of , and , such individual or director of the company shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to fifty thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first during which the contravention continues.