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Penalty revisions to section 58B raise prescribed fines and broaden prohibition on unauthorised receipt of deposits. Amendment updates section 58B by increasing prescribed monetary penalties across specified sub sections and administrative amounts, and by expanding prohibited conduct to include receipt of deposits without authorization; it also substitutes an internal statutory cross reference to align enforcement scope and penalty application.
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<h1>Penalty revisions to section 58B raise prescribed fines and broaden prohibition on unauthorised receipt of deposits.</h1> Amendment updates section 58B by increasing prescribed monetary penalties across specified sub sections and administrative amounts, and by expanding prohibited conduct to include receipt of deposits without authorization; it also substitutes an internal statutory cross reference to align enforcement scope and penalty application.
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