Any person, who is required under this Act or any rules or regulations or bye-laws made thereunder,— (a) to furnish any information, document, books, returns or report to the Board, fails to furnish the same within the time specified therefor 5[or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents], he shall be liable to a penalty 6[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees] for each such failure; (b) to file any return or furnish any information, books or other documents within the time specified therefor in the regulations or bye-laws, fails to file return or furnish the same within the time specified therefor, he 5[or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents] shall be liable to a penalty 3[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees]; (c) to maintain books of account or records, fails to maintain the same, he shall be liable to a penalty 3[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees].