606. Penalty for contravention of sections 603, 604 and 605.—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 application for shares, debentures; or Indian Depository Receipts,

in contravention of any of the provisions of sections 603, 604 , 605 and 605A, shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to fifty thousand rupees, or with both.

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