Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in this Act, any amount payable under the provisions of this Act, rules or bye-laws, is not paid on the due date, shall be recovered together with 45A[penal interest at the rate of one per cent per month] from the due date: Provided that no penalty shall be recovered on any amount that has become payable or payable in a half year, if it is paid in the Same half year.] Substituted for the words "penal interest at the rate of two per cent per month" by Act 31 of 2009 dt.07/10/2009.