501. Printing or engraving matter known to be defamatory.

Whoever prints or engraves any matter, knowing or having good reason to believe that such matter is defamatory of any person, shall be punished with simple imprisonment for a term which may extend to two years, or with fine, or with both.

CLASSIFICATION OF OFFENCE
Para I: Punishment—Simple imprisonment for 2 years, or fine, or both—Non- cognizable—Bailable—Triable by Court of Session—Compoundable by the person defamed.
Para II: Punishment—Simple imprisonment for 2 years, or fine, or both—Non- cognizable—Bailable—Triable by Magistrate of the first class—Non-compoundable.

Read Indian Penal Code (IPC) in a better and systematic way.

Read IPC each section wise.