Bare ActsThe Banking Regulation Act, 1949

Section 48

Application of fines.

Amendment status not verified — confirm the current text below against the official source.

A Court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings, or in or towards the rewarding of the person on whose information the fine is recovered.

Section 48 – The Banking Regulation Act, 1949 | DailyLaw.ai