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1 [105D. Factors to be taken into account by the adjudicating officer.-- While recommending the quantum of penalty under section 105C, the adjudicating officer and while imposing such penalty, the Authority shall have due regard to the following factors, namely: -- (a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default; (b) the amount of loss caused to the policyholders as a result of the default; and (c) the repetitive nature of default.]
Amended up to 2019-03-25View on India Code →