194. Amendment of section 19-IA.
In section 19-IA of the principal Act, after sub-section (4), the following sub-section shall be inserted, namely:––
“(5) All settlement amounts, excluding the disgorgement amount and legal costs, realised under this Act shall be credited to the Consolidated Fund of India.”.
Notes on Clauses:
Clause 194 of the Bill seeks to amend section 19-IA of the Act, to provide that the settlement amount (excluding legal costs and disgorgement amount) realised under the Act to be credited to the Consolidated Fund of India.
