Documente Academic
Documente Profesional
Documente Cultură
To Issue Directions
To Authorized person (for transactions)
To Authorized person (on furnishing information)
Inspect Authorized Person
Verify correctness, obtain information, secure
compliance with provisions of Act
Production of Books, Accounts and Documents
Confiscation
RBI Powers
Penalty
If amount is quantifiable maximum limit is thrice
that sum; If not limit is Rs. 2,00,000.
If contravention continues each day Rs. 5000
Civil Imprisonment
If full payment of penalty not made within 90 days
If amount more than 1 crore => max. 3 years; less
than 1 crore => max. 6 months
RBI Powers
Procedure
Notice upon defaulter
Opportunity for showing cause
Warrant for Arrest
Order on conclusion of inquiry
Release of defaulter
Execution of detention order
Adjudication & Appeal
Adjudicating Authority
Central Govt. may appoint by order published in
Official Gazette
Complaint in writing by an officer authorized by
Central Govt.
Appeal to Special Director (Appeals)
Appointment made by Central Govt.
Appeal within 45 days of order
Opportunity to be heard is given
Copies of order sent to parties & concerned
Adjudicating Authority
Adjudication & Appeal
Appellate Tribunal
Appeals against Adjudicating Authorities &
Special Director (Appeals)
Deposit amount of penalty and then appeal
Appeal to be filed within 45 days
Within 180 days dispose appeal
Appeal to High Court
Officers of Enforcement