law: Information Technology Act, 2000
  44. Penalty for failure to furnish
  
  information, return, etc.- 
  If any person who is required under this Act
  
  or any rules or regulations made thereunder to- 
  (a) furnish any document, return or report to
  
  the Controller or the Certifying Authority fails to furnish the same, he shall
  
  be liable to a penalty not exceeding one lakh and fifty thousand rupees for
  
  each such failure;
  (b) file any return or furnish any
  
  information, books or other documents within the time specified therefor in the
  
  regulations fails to file return or furnish the same within the time specified
  
  therefor in the regulations, he shall be liable to a penalty not exceeding five
  
  thousand rupees for every day during which such failure continues;
  (c) maintain books of account or records fails
  
  to maintain the same, he shall be liable to a penalty no exceeding ten thousand
  
  rupees for every day during which the failure continues.