https://www.taxtmi.com/caselaws?id=73086 A statute protected by Article 31B cannot be invalidated on the ground of inconsistency with Articles 14 and 21, so the constitutional challenge to the Foreign Exchange Regulation Act, 1973 failed. The statutory scheme also treated adjudication for penalty and criminal prosecution as separate and independent, so prosecution did not have to wait for prior adjudication and the show-cause notices did not justify interference. Section 68 was construed broadly to cover persons liable for company contraventions in both adjudication proceedings for penalty and prosecutions, and the narrower reading was rejected. en-us Fri, 24 Feb 2006 00:00:00 +0530 Fri, 19 Sep 2025 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73086 A statute protected by Article 31B cannot be invalidated on the ground of inconsistency with Articles 14 and 21, so the constitutional challenge to the Foreign Exchange Regulation Act, 1973 failed. The statutory scheme also treated adjudication for penalty and criminal prosecution as separate and independent, so prosecution did not have to wait for prior adjudication and the show-cause notices did not justify interference. Section 68 was construed broadly to cover persons liable for company contraventions in both adjudication proceedings for penalty and prosecutions, and the narrower reading was rejected. Case-Laws FEMA Fri, 24 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73086