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[Cites 0, Cited by 0] [Section 36AA] [Entire Act]

Union of India - Subsection

Section 36AA(5) in The Banking Regulation Act, 1949

(5)If any person in respect of whom an order is made by the Reserve Bank under sub-section (1) or under the proviso to sub-section (2) contravenes the provisions of this section, he shall be punishable with fine which may extend to two hundred and fifty rupees for each day during which such contravention continues.