Bare ActsMonopolies and Restrictive Trade Practices Act, 1969

Section 48

Penalty for failure to register agreements

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(1) If any person fails, without any reasonable excuse, to register an agreement which is subject to registration under this Act, he shall be punishable [with imprisonment for a term which may extend to three years, or] with fine which may extend to five thousand rupees, [or with both,] and where the offence is a continuing one, with a further fine which may extend to five hundred rupees for every day, after the first, during which such failure continues. [x x x x] Inserted by Act 30 of 1984, Section 39 (w.e.f. 01/08/1984). Sub-section (2) Substituted by Act 30 of 1984, Section 39 (w.e.f. 01/08/1984) and omitted by Act 58 of 1991, Section 20 (w.r.e.f. 27/09/1991).

Section 48 – Monopolies and Restrictive Trade Practices Act, 1969 | DailyLaw.ai