Crediting penalty sums to consolidated fund of India centralises SEBI penalty receipts under public treasury control. Section 15JA mandates that all sums realised by way of penalties under the Act shall be credited to the Consolidated Fund of India, directing the fiscal treatment of SEBI penalty receipts and placing such monies into the central public treasury.
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.
Crediting penalty sums to consolidated fund of India centralises SEBI penalty receipts under public treasury control.
Section 15JA mandates that all sums realised by way of penalties under the Act shall be credited to the Consolidated Fund of India, directing the fiscal treatment of SEBI penalty receipts and placing such monies into the central public treasury.
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