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        Bills

        Clause 189 - Amendment of section 19.

        Finance Bill, 2018
        Part XI
        AMENDMENTS TO THE DEPOSITORIES ACT, 1996

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        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.
                          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.

                                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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