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

Clause 226 - Bills - 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, namel .....

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ty from any person who fails to make full payment of penalty imposed on him under section 13 within the period of ninety days from the date on which the notice for payment of such penalty is served on him. (2) The officer referred to in sub-section ( .....

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