Levy of penalty: regulators may impose statutory penalties after a prescribed inquiry under amended provisions. Power to levy penalty is extended by amending section 11B: the marginal heading is broadened and the provision is renumbered, and a new sub section authorises the Board, for reasons recorded in writing, to levy penalties under a specified list of penalty provisions after holding an inquiry in the prescribed manner, without prejudice to other powers in the Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Levy of penalty: regulators may impose statutory penalties after a prescribed inquiry under amended provisions.
Power to levy penalty is extended by amending section 11B: the marginal heading is broadened and the provision is renumbered, and a new sub section authorises the Board, for reasons recorded in writing, to levy penalties under a specified list of penalty provisions after holding an inquiry in the prescribed manner, without prejudice to other powers in the Act.
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