# 7 Penalty for contravention of section 5
Whoever contravenes the provisions of section 5 shall be punishable with fine which may extend to ten thousand rupees or five times the amount of the face value of the specified bank notes involved in the contravention, whichever is higher.
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All sections
3
Specified bank notes to cease to be liability of Reserve Bank or Central Government4
Exchange of specified bank notes5
Prohibition on holding transferring or receiving specified bank notes6
Penalty for contravention of section 48
Offences by companies9
Special provisions relating to offences10
Protection of action taken in good faith
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