Amendment status not verified — confirm the current text below against the official source.
Any person who— (a) fails to file the statement referred to in section 16 within the prescribed period, or files a false statement, or (b) fails to produce the accounts, registers or documents or to furnish the information relating thereto when so required under section 17, shall be punishable with simple imprisonment which may extend to six months or with fine which may extend to one thousand rupees or with both and when the offence is a continuing one, with a daily fine not exceeding fifty rupees per day during the period of continuance of the offence.