section 39
Adjudication.
The National Bank for Financing Infrastructure and Development Act, 2021Finance202148 sections7 chapters
Chapter VII MISCELLANEOUS
Statutory text
- (1) The Board shall make regulations for setting up a mechanism for the purpose of determining the penalties specified under sub-section (5) of section 16 and sub-section (5) of section 19.
- (2) The regulations shall provide for a reasonable opportunity of being heard to the director or an employee against whom a complaint is made for violating the provisions of section 16 or section 19, as the case may be, and a right to prefer an appeal against any order imposing the penalty.
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