Settlement fund allocation: settlement amounts excluding disgorgement and legal costs to be credited to the Consolidated Fund. The amendment inserts a new sub section specifying that all settlement amounts realised under the Act, excluding the disgorgement amount and legal costs, ... Summary
Settlement fund allocation: settlement amounts excluding disgorgement and legal costs to be credited to the Consolidated Fund.
The amendment inserts a new sub section specifying that all settlement amounts realised under the Act, excluding the disgorgement amount and legal costs, shall be credited to the Consolidated Fund of India; the provision expressly excludes disgorgement and legal costs from amounts to be deposited under the inserted sub section amending section 23JA.
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