Amendment status not verified — confirm the current text below against the official source.
(1) Any person who contravenes any provision of this Act or any rule made thereunder, shall be punishable on first conviction with imprisonment of either description for a term which may extend to six months and with fine which may extend to ten thousand rupees and in the event of second or subsequent conviction with imprisonment for a term of not less than one year but which may extend to two years and also with a fine not less than twenty-five thousand rupees which may extend to fifty thousand rupees. (2) Any person or company or society found indulging in the property dealing or property consulting business, without having a valid license under this Act, shall be punished by such authority, as may be prescribed, with a fine of fifty thousand rupees in case of an individual or one lac rupees in case of a society, company or any organization and shall also be liable to pay all the benefits so received and the damages suffered by the affected party while dealing with the property for which commission has been paid by any party to the deal. Protection of action taken in good faith. Officers to be public servants. Procedure. Corrrection of clerical errors. Officers holding enquiries to have powers of civil court. Offences and penalties. REGULATION OF PROPERTY DEALERS AND CONSULTANTS