The Chits Funds Act,1982
77. Penalty for second and subsequent convictions.
If any person convicted of an offence under sub-section (1) or sub-section (3) of Sec.76 is again convicted of an offence under any of the said sub-sections he shall be punishable for the second and for every subsequent offence with imprisonment for a term which may extend to two years and shall also be liable to fine.
