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Amendment of Act 42 of 1999- Power to recover arrears of penalty

Clause 226 - Bill - PART V - AMENDMENT TO THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999 - Bill - Clause 226 - Amendment of Act 42 of 1999 226. In the Foreign Exchange Management Act, 1999, after section 14, the following section shall be inserted, namely:- Power to recover arrears of penalty 14A. (1) Save as otherwise provided in this Act, the Adjudicating Authority may, by order in writing, authorise an officer of Enforcement not below the rank of Assistant Director to recover any arrears of penalt .....

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