12. Offences

Any person who contravenes any provision of this

Act commits an offence under this Act and shall be liable on conviction after summary trial by a Magistrate, to imprisonment for a term not exceeding five years or to a fine not less than three million rupees and not exeeding ten million rupees or where the offence has resulted in monetary loss or a loss which is quantifiable in monetary terms to the

Government, to a fine equivalent to twice the value of such loss or to both such imprisonment and fine.