Demand notice procedure: prescribed service, payment by challan and recovery register entry enforce penalty recovery timelines. Regulation 3 requires the Secretary to issue a demand notice in the prescribed form and serve it through the recovery officer at the enterprise's last known address; the notice shall specify a period for payment, ordinarily thirty days, subject to shortening by the Commission if delay would be detrimental. The enterprise must pay by challan in favour of the Pay & Accounts Officer, Ministry of Corporate Affairs to the prescribed head of account, submit a copy of the challan to the recovery officer promptly and within seven days, and the recovery officer must record the payment in the penalty recovery register. The Commission may rectify clerical or arithmetical mistakes in the demand notice.
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Demand notice procedure: prescribed service, payment by challan and recovery register entry enforce penalty recovery timelines.
Regulation 3 requires the Secretary to issue a demand notice in the prescribed form and serve it through the recovery officer at the enterprise's last known address; the notice shall specify a period for payment, ordinarily thirty days, subject to shortening by the Commission if delay would be detrimental. The enterprise must pay by challan in favour of the Pay & Accounts Officer, Ministry of Corporate Affairs to the prescribed head of account, submit a copy of the challan to the recovery officer promptly and within seven days, and the recovery officer must record the payment in the penalty recovery register. The Commission may rectify clerical or arithmetical mistakes in the demand notice.
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