law: Government Securities Act 2006
  30.
  
  Contravention and penalties. -
  1.   If any person, for
  
  the purpose of obtaining for himself or for any other person any title to a
  
  Government security, makes to any authority in any application made under this
  
  Act or in the course of any inquiry undertaken in pursuance of this Act any
  
  statement which is false and which he either knows to be false or does not
  
  believe to be true, he shall be punishable with imprisonment for a term which
  
  may extend to six months, or with fine, or with both.
  2.   No Court shall take
  
  cognizance of any offence under sub-section (1) except on the complaint of the
  
  Bank.
  3.   Without prejudice to
  
  any other action which the Bank may deem fit to take, the Bank, after giving a
  
  reasonable opportunity of being heard, may impose on any person who contravenes
  
  any provision of this Act, or contravenes any regulation, notification or
  
  direction issued under this Act, or violates the terms and conditions for
  
  opening and maintenance of a subsidiary general ledger account, including
  
  constituents' subsidiary general ledger account, a penalty, not exceeding five
  
  lakh rupees and where such contravention is a continuing one, further penalty
  
  which may extend to five thousand rupees for every day after first day during
  
  which the contravention continues.