Whoever, in consequence of any person having done any act which he was legally entitled to do or of his having omitted to do an act which he was legally entitled to omit to do, or with intent to cause any person to do any act which he is not legally bound to do, or to omit to do any act which he is legally entitled to do, threatens to cause such person or any person in whom such person is interested, to be boycotted shall be punished with imprisonment of either description for a term which may extend to five years or with fine or with both.
Exception.—It is not boycott—
(i) to do any act in furtherance of a bona fide labour dispute,
(ii) to do any act in the ordinary course of business competition.
N.B.—All these offences shall be deemed to be cognizable offences.