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 of application for shares, debentures or Indian Depository Receipt ;

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.