Expanded penalty power: Board may levy administrative monetary penalties after holding a prescribed inquiry under depository law. The amendment authorises the Board, for reasons to be recorded in writing, to levy penalties under specified penalty provisions after holding an inquiry ... Summary
Expanded penalty power: Board may levy administrative monetary penalties after holding a prescribed inquiry under depository law.
The amendment authorises the Board, for reasons to be recorded in writing, to levy penalties under specified penalty provisions after holding an inquiry in the prescribed manner, without prejudice to sub section (1) and section 19H.
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