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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Part XI AMENDMENTS TO THE DEPOSITORIES ACT, 1996 This

Clause 198 - Amendment of section 20. - FINANCE BILL, 2018

FINANCE BILL, 2018
Part XI
AMENDMENTS TO THE DEPOSITORIES ACT, 1996
  • Contents

198. Amendment of section 20.

In section 20 of the principal Act,––

(i) in sub-section (1), after the words “adjudicating officer”, the words “or the Board” shall be inserted;

(ii) in sub-section (2), for the words “adjudicating officer or fails to comply with any of his”, the words “adjudicating officer or the Board or fails to comply with any” shall be substituted.

 

 



 

Notes on Clauses:

Clause 198 of the Bill seeks to amend section 20 of the Act, to provide for prosecution in case of default in payment of monetary penalty levied by the Board and also for non-compliance with the directions of the Board.

 
 
 
 

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