Amendment status not verified — confirm the current text below against the official source.
(2) It shall have the like extent as the principal Act (3) It shall come into force at once. In the principal Act, in section 3, in sub-section (2), between the words "authorities" and "to", the words "in various capacities" shall be inserted. In the principal Act, in section 26, after sub-section (2), a new sub-section (3) shall be inserted, namely,-- · "(3) Subject to such conditions as it 1irny impose, the Government may, if it is necessary so to do in the. public interest, by notification in the Official Gazette by way of a scheme o:r otherwise, exempt a class of dealers or persons specified in the said notification from payment of the whole or any part of the penalty payable under the provisions of this section and such exemption shall take effect from the date of· publication of the notification in the Official Gazette." In the principal Act, after section 3 lA, a new section 31 B shall be inserted, namely:- 31 B.(l) There shall be established by the Government a fund, to be called the Assam Consumer Welfare Fund. (2) There shall be credited to the fund in such manner as may be prescribed, - (a) an amount of rupees one lakh, to be initially paid by the Go\'.'emment by way of grant for the purpose of the fund: and (b) all amount forfeited under sub .. section ( 4) of section 31 and all penalty paid pursuant tO sub-·section (5) of the said section except any amount . refwided under the said section after deducting therefrom the expenses of collection and recovery as determined hy the Government. (3) The moneys credited to the fund shall be uti lised by the Government for the welfare of the consumers in accordance with such rules and the accounts and othe;r relevant records ln relation to the fund shall be maintained in SUC~l manner as may be prescribed." Assam ActVUI of2005 Amendment of section 54. Insertion of section 62A.