Section 18 — Punishment for failure to furnish information or furnishing false information after notice.

If any licensee or agent on whom a notice has been served under sub-section (2) of section 35---

(a) fails to furnish the information required within the time specified; or

(b) furnishes any information or makes any statement which the licensee or agent knows to be false on any material particular,

he shall be ¹[liable to penalty which may extend to two lakh rupees], and the vessel shall also be liable for detention under section 29.