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Section 69: Recovery of fine or penalty.

The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003

[69. Recovery of fine or penalty.—Where any fine or penalty imposed on any person under section 13 or section 63 is not paid within six months from the day of imposition of fine or penalty, the Director or any other officer authorised by him in this behalf may proceed to recover the amount from the said person in the same manner as prescribed in Schedule II of the Income-tax Act, 1961 (43 of 1961) for the recovery of arrears and he or any officer authorised by him in this behalf shall have all the powers of the Tax Recovery Officer mentioned in the said Schedule for the said purpose.]

Where this provision sits

ActThe Prevention of Money-Laundering Act, 2002
Section69
Marginal noteRecovery of fine or penalty.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 2 of 2013. . Subs. by Act 2 of 2013, s.27, for section 69 (w.e.f. 15-2-2013).

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