In simple words
All penalty money collected goes to the Consolidated Fund of India.
- What this means for you
- Penalties are not paid to affected individuals under this Act.
- What this means for businesses
- Penalty amounts are paid to the Government.
- Everyday example
- A penalty imposed by the Board is credited to the Consolidated Fund of India.
Who it applies to
The Board and persons paying penalties.
Related Rules
No specific rule. The text of the Act applies on its own.
Related sections
Official textas notified
Source: MeitY copy of the Gazette (CG-DL-E-12082023-248045), page 17. Printed dashes are shown as colons; the wording is unchanged.
All sums realised by way of penalties imposed by the Board under this Act, shall be credited to the Consolidated Fund of India.