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The Companies Act, 1956

Companies Incorporated Outside India (Section 591 to Section 608)

Section 606 Penalty for contravention of sections 603, 604, and 605.

Section 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 application for shares ,debentures or Indian Depository Receipts

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.