S.13. Penalties.—(1) If any person contravenes any provision of this Act, or contravenes any rule, regulation, notification, direction or order issued in exercise of the powers under this Act, or contravenes any condition subject to which an authorisation is issued by the Reserve Bank, he shall, upon adjudication, ü be liable to a penalty up to thrice the sum involved in such contravention where such ü amount is quantifiable, or up to two lakh rupees where the amount is not quantifiable, and where such ü contravention is a continuing one, further penalty which may extend to five thousand rupees for every day after the first day during which the contravention continues.
The Atal Pension Yojana (APY) is a contribution-based pension scheme. Which of the following statements incorrectly describes the tax benefits associate...
Recently RBI has launched which of the following 'SupTech' initiative, which is expected to make the supervisory processes more robust?
Under which mission has the Union Cabinet approved a financial outlay of ₹10,103 crore to boost domestic oilseed production from 39 million tonnes to ...
The Atal Pension Yojana (APY) is a government-backed pension scheme primarily targeted at unorganized sector workers. What unique feature of APY ensures...
In which event did Khushi win the bronze medal at the 2024 World Junior Shooting Championship, and what was her final score?
Recently Karnataka Bank has opened Analytical Centre of Excellence (ACoE) at which place which will help in accelerated incubation of artificial intelli...
When did the Indian government reduce the windfall tax on domestically produced crude oil to 'nil'?
What is the total amount of loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) since its launch?
Who inaugurated the Kautilya Economic Conclave 2024, and what was its main focus?
Pradhan Mantri Sukanya Samriddhi Yojana (PMSSY) is-
