Amendment status not verified — confirm the current text below against the official source.
Powers of the Custodian while holding inquiry under this Act. - While [holding any inquiry] under this Act, the Custodian shall have the same powers as are vested in a Court under the Code of Civil Procedure, 1977 (Act X of 1977), when trying a suit in respect of the following matters, namely :- (a) enforcing the attendance of any person and examining him on oath; (b) compelling the discovery and production of documents; (c) any prescribed matter; and the inquiry by the Custodian shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228 Ranbir Penal Code (Act XII of 1989), and the Custodian shall be deemed to be a Court within the meaning of [sections 480 and 482] of the Code of Criminal Procedure, 1989 (Act XXIII of 1989). [29A. Power of the Custodian to impose penalties. - Notwithstanding anything contained in Chapter V of this Act, any person who contravences any provisions of this Act or abets the contravention thereof, shall be imposed a penalty by the Custodian which may extend to ten thousand rupees but shall not be less than five hundred rupees.]