67 C. Preservation and Retention of information by intermediaries

67 C. Preservation and Retention of information by intermediaries

(1) Intermediary  shall preserve and retain such information as may be specified for such duration and in such manner and format as the Central Government may prescribe.

(2) Any intermediary who intentionally or knowingly contravenes the provisions of sub section (1) shall be punished with

  • an imprisonment for a term which may extend to three years and
  • shall also be liable to fine.

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