Residuary penalty addresses unprovided contraventions, imposing monetary sanctions and separate compensation obligations for affected persons. Section 45 creates a residuary penalty for contravention of rules, regulations, directions or orders where no separate penalty is prescribed. The ... Summary
Residuary penalty addresses unprovided contraventions, imposing monetary sanctions and separate compensation obligations for affected persons.
Section 45 creates a residuary penalty for contravention of rules, regulations, directions or orders where no separate penalty is prescribed. The contravener is liable for a penalty up to one lakh rupees, in addition to compensation payable to the affected person. Higher compensation applies to an intermediary, company or body corporate than to any other person.
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