rule 6
Powers of Civil Court conferred on the Competent Authority.
The Kerala Banning of Unregulated Deposit Schemes RulesFinance11 rules
Statutory text
- (1) Apart from the powers
conferred on the Competent Authority under sub-section (4) of section 7 of the Act, the Competent Authority shall have the powers of a Civil Court under the Code of Civil Procedure, 1908 (Central Act 5 of 1908) while conducting investigation or inquiry in respect of the following matters, namely:-
- (a) issue commission for local inspection;
- (b) to pass, during the pendency of any complaint, any interim order, as may appear to the Competent Authority to be just and fair to meet the ends of justice;
- (c) to dismiss a complaint for default or being frivolous.
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