Residuary penalty applies to unpenalised contraventions, with separate compensation limits for intermediaries, companies, bodies corporate, and others. Section 45 establishes a residuary penalty for contravention of rules, regulations, directions or orders where no separate penalty is prescribed. A ... Summary
Residuary penalty applies to unpenalised contraventions, with separate compensation limits for intermediaries, companies, bodies corporate, and others.
Section 45 establishes a residuary penalty for contravention of rules, regulations, directions or orders where no separate penalty is prescribed. A penalty not exceeding one lakh rupees may be imposed in addition to compensation for the affected person. Compensation is capped at ten lakh rupees for an intermediary, company or body corporate, and at one lakh rupees for any other person.
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