21. Where-
(a) any student of a higher educational institution, or his parent or guardian, has given any false information to the principal executive officer of that institution in connection with the preparation of lists of names of students under subsection (1) of section 3 ; |
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(b) any recipient of a loan or his parent or guardian or guarantor or any other person has given any false information to the manager of a specified bank in connection with a loan granted under this Act or to be granted under this Act ; |
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(c) any recipient of a Joan willfully fails to comply with the provisions of section 8 or in so complying gives false information to the manger of a specified bank in question, |
| such person shall be deemed to have committed an offence under this Act, and shall, upon conviction by a Magistrate be liable to a line not exceeding one thousand rupees or to a term of imprisonment not exceeding six months or to both such fine a ad such imprisonment. |