law: Factoring Regulation Act, 2011 
  Chapter VI Offences
  
  and Penalties
  21. Penalties.-
  If a default is made
  
  in filing under section 19 the particulars of any transaction of assignment of
  
  receivables and realisation of receivables by a factor, such company and every
  
  officer of the company who is in default shall be punishable with fine which
  
  may extend to five thousand rupees for every day during which the default
  
  continues.