Section 11. Penalties

Every person who — (a) having in his possession, custody or control any property or assets held for the purposes of a scheduled college wrongfully withholds such property or asset in contravention of sub-section (1) of section 5 ; or (b) wrongfully obtains possession of or retains any property or asset held for the purposes of any scheduled college ; or (c) willfully withholds or fails to account for any book, paper or other document in his possession, custody or control relating to a scheduled college, in contravention of sub-section (2) of section 5 ; or (d) wrongfully uses, removes or destroys any property held for the purposes of a scheduled college ; shall be punishable with imprisonment for a term which may extend to two years or with fine which may extend to three thousand rupees or with both.