https://www.taxtmi.com/acts?id=37174 Regulatory authority may impose administrative penalties on housing finance companies for contraventions under section 49, including higher and continuing-default penalties for specified breaches. Penalty imposition requires a show-cause notice and hearing; amounts demanded must be paid within thirty days or may be levied after an authorised officer applies to the principal civil court, which issues an enforceable certificate treated as a civil decree. The statute bars court complaints concerning contraventions where a penalty has been imposed and precludes penalty proceedings under the section if a court complaint is already pending. en-us Wed, 24 Jul 2019 17:36:44 +0530 Wed, 24 Jul 2019 17:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37174 Regulatory authority may impose administrative penalties on housing finance companies for contraventions under section 49, including higher and continuing-default penalties for specified breaches. Penalty imposition requires a show-cause notice and hearing; amounts demanded must be paid within thirty days or may be levied after an authorised officer applies to the principal civil court, which issues an enforceable certificate treated as a civil decree. The statute bars court complaints concerning contraventions where a penalty has been imposed and precludes penalty proceedings under the section if a court complaint is already pending. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 17:36:44 +0530 https://www.taxtmi.com/acts?id=37174