Penalties credited to Consolidated Fund ensure all statutory penalty receipts under the Act are appropriated to the national treasury. Section 23K provides that all sums realised by way of penalties under the Securities Contracts (Regulation) Act, 1956 shall be credited to the Consolidated Fund of India, establishing a statutory mechanism for directing penalty receipts into the national treasury and reflecting an amendment to 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.
Penalties credited to Consolidated Fund ensure all statutory penalty receipts under the Act are appropriated to the national treasury.
Section 23K provides that all sums realised by way of penalties under the Securities Contracts (Regulation) Act, 1956 shall be credited to the Consolidated Fund of India, establishing a statutory mechanism for directing penalty receipts into the national treasury and reflecting an amendment to the Act.
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