Section 606 - Penalty for contravention of sections 603, 604 and 605. - Companies Act, 1956

Penalty for contravention of sections 603, 604 and 605. 606. 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 [1] [application for shares, debentures or Indian Depository Receipts]; in contravention of any of the provisions of sections 603, 604 [2] [, 605 and 605A], shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to [3] [fifty thousand rupees], or with both. ------------------------------------- Notes:- [1] Substituted for "application for shares or debentures" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [2] Substituted for "and 605" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [3] Substituted for "five thousand rupees" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.