The Prize Chits and Money Circulation Schemes (Banning) Act,1978
Section 4. Penalty for contravening the provisions of section 3
Whoever contravenes the provisions of section 3 shall be punishable with imprisonment for term which may extend to three years, to with fine which may extend to five thousand rupees, or with both:
Provided that in the absence of special and adequate reasons to the contrary to be mentioned din the judgement of the court, the imprisonment shall not be less than on e year and the fine shall not be less than one thousand rupees.