Section 279 in The Indian Penal Code deals with Rash driving or riding on a public way.—
Whoever drives any vehicle, or rides, on any public way in a manner so rash or negligent as to endanger human life, or to be likely to cause hurt or injury to any other person, shall be punished with imprisonment of either description for a term which may extend to six months, or with fine which may extend to one thousand rupees, or with both.
Section 337 in The Indian Penal Code deals with causing hurt by act endangering life or personal safety of others.—Whoever causes hurt to any person by doing any act so rashly or negligently as to endanger human life, or the personal safety of others, shall be punished with imprisonment of either description for a term which may extend to six months, or with fine which may extend to five hundred rupees, or with both.
So in an accident case the police put this sections. You have to plead as guilty and pay the fine. Maximum fine of both case is Rs.1500.
it's mandatory to carry the original license & papers/documents.documents. Sec146 of MV act delas with the Necessity for insurance against third party risk.
No person shall use, except as a passenger, or cause or allow any other person to use, a motor vehicle in a public place, unless there is in force in relation to the use of the vehicle by that person or that other person, as the case may be, a policy of insurance complying with the requirements. Riding a vehicle with out valid insurance is a offence and you have to give compensation yourself if the injured make a claim against you.