https://www.taxtmi.com/acts?id=36947 The substituted section authorises the National Housing Bank or the Reserve Bank to impose specified monetary penalties on housing finance companies for contraventions under section 49, requires service of a show cause notice and an opportunity of being heard, mandates payment within thirty days of the demand notice, permits recovery by the principal civil court and issuance of a certificate enforceable as a decree, and bars filing of court complaints in respect of contraventions for which a penalty has been imposed. en-us Fri, 05 Jul 2019 18:53:03 +0530 Fri, 05 Jul 2019 18:53:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36947 The substituted section authorises the National Housing Bank or the Reserve Bank to impose specified monetary penalties on housing finance companies for contraventions under section 49, requires service of a show cause notice and an opportunity of being heard, mandates payment within thirty days of the demand notice, permits recovery by the principal civil court and issuance of a certificate enforceable as a decree, and bars filing of court complaints in respect of contraventions for which a penalty has been imposed. Act-Rules Bill Fri, 05 Jul 2019 18:53:03 +0530 https://www.taxtmi.com/acts?id=36947