Penalties credited to Consolidated Fund: statutory penalties under the Act must be remitted to the central fund. All sums realized by way of penalties under the Act are to be credited to the Consolidated Fund of India. The provision requires that monetary sanctions ... Summary
Penalties credited to Consolidated Fund: statutory penalties under the Act must be remitted to the central fund.
All sums realized by way of penalties under the Act are to be credited to the Consolidated Fund of India. The provision requires that monetary sanctions levied under the statute be remitted to the central fund rather than retained by the administering authority; it was introduced by a legislative amendment.
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