Section 54A
Penalty for failure to comply with notices or furnish information Repealed
The Prohibition of Benami Property Transactions Act, 1988
About this Act
An Act to prohibit benami transactions and the right to recover property held benami and for matters connected therewith or incidental thereto.
1[54A. Penalty for failure to comply with notices or furnish information.--(1) Any person who fails
to, --
(i) comply with summons issued under sub-section (1) of section 19; or
(ii) furnish information as required under section 21, shall be liable to pay penalty of twenty-five thousand rupees for each such failure.
(2) The penalty under sub-section (1) shall be imposed by the authority who had issued the summons or called for the information.
(3) No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard:
Provided that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information.]
(i) comply with summons issued under sub-section (1) of section 19; or
(ii) furnish information as required under section 21, shall be liable to pay penalty of twenty-five thousand rupees for each such failure.
(2) The penalty under sub-section (1) shall be imposed by the authority who had issued the summons or called for the information.
(3) No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard:
Provided that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information.]
Notes
1. Ins. by Act 23 of 2019, s. 179 (w.e.f. 1-9-2019).