Recovery of penalties: amendment enables the Board to effect recovery of penalties under the Depositories Act for payment defaults. The amendment substitutes 'under this Act' for 'by the adjudicating officer' in section 19-IB(1), enabling recovery of penalties levied under the Depositories Act to be effected by the Board and clarifying the authority responsible for enforcing defaults in payment of such penalties.
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Provisions expressly mentioned in the judgment/order text.
Recovery of penalties: amendment enables the Board to effect recovery of penalties under the Depositories Act for payment defaults.
The amendment substitutes "under this Act" for "by the adjudicating officer" in section 19-IB(1), enabling recovery of penalties levied under the Depositories Act to be effected by the Board and clarifying the authority responsible for enforcing defaults in payment of such penalties.
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