Section 19FA: Application
This section is inserted by Act No 5 of 2020, section 7.
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
19FA. Application
(1) Any regulatory body may require such
information as it may determine from any member of a
relevant profession or occupation and the member of the
relevant profession or occupation shall, within such time
as the regulatory body may determine, provide such
information.
(2) Any person who fails to provide any information
under subsection (1) shall commit an offence and shall, on
conviction, be liable to a fine not exceeding one million
rupees and to imprisonment for a term not exceeding 5 years.
144 Acts 2020
(n) in section 21 –
(i) by deleting the heading and replacing it by the
following heading –
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Questions this section answers
- Can a regulatory body require a professional to provide information under the anti-money-laundering law?
- What is the maximum fine for failing to provide information a regulatory body asked for under this section?
- Can I be sent to prison for failing to give information a regulatory body asked for under this law?