Section 14. Penalties.

14. Every person who — (a) having in his possession, custody or control, any property or asset held for the purposes of a scheduled institution wrongfully withholds such property or asset from the State Government 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 institution ; or (c) willfully withholds or fails to account for any book, paper or other documents in his possession, custody or control relating to a scheduled institution 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 institution ; 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.