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Section 47: Compliance with directions

Financial Services Act · PART VIII: POWERS OF COMMISSION

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.

47. Compliance with directions (1) Any person to whom a direction or interim direction is given under this Act shall comply with the direction or interim direction. (2) No person shall knowingly hinder or prevent compliance with a direction or interim direction given under this Act. (3) Any person who contravenes subsection (1) or (2) shall commit an offence. (4) Notwithstanding subsection (3), where any person fails to comply with a direction or interim direction under this Act and a time period is specified for compliance, the person shall commit a separate offence for every day for which the direction or interim direction is not complied with after the time period for compliance has elapsed, and shall, on conviction, in respect of each offence, be liable to a fine of 5,000 rupees per day.

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