Trade Monopolies and Restrictive Trade Practices Act, 1969
50. Penalty for Offences in Relation to Orders under the Act.
(1) A person, who is deemed under
section 13 to be guilty of an offence under this Act, shall be punishable with
imprisonment for term which may extend to three years, or with fine which may
extend to fifty thousand rupees, or with both, and where the offence is a
continuing one, with a further fine which may extend to five thousand rupees
for every day, after the first, during which such contravention continues.
(2) If any person contravenes, without any reasonable excuse, any order made by
the Central Government under section 31 or any order made by the Commission
under section 37, he shall be punishable with imprisonment for a term which
shall not be less than, -
(a) in the case of the
first offence, six months but not more than three years, and
(b) in the case of any second or subsequent offence in relation to the goods or
services in respect of which the first offence was committed, two years but not
more than seven years, and, in either case, where the contravention is a
continuing one, also with fine which may extend to five thousand rupees for
every day, after the first, during which such contravention continues :
Provided that the Court may, for
reasons to be recorded in writing, impose a sentence of imprisonment for a term
lesser than the minimum term specified in this sub-section.
(3) If any person carries on any trade practice which is prohibited by this
Act, he shall be punishable with imprisonment for a term which may extend to
six months, or with fine which may extend to five thousand rupees, or with
both, and where the offence is a continuing one, with a further fine which may
extend to five hundred rupees for every day, after the first, during which such
contravention continues.