Penal Charges
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RBI to stop banks from capitalising penal charges on bank loans defaults
Business | Apr 13, 2023, 12:35 PM ISTReserve Bank of India (RBI) issued preliminary regulations proposing to prohibit the capitalisation of penal charges and additional interest levied by banks on customers for loan defaults, in an effort to standardise different lending practises.
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Number of vehicles undergoing pollution check tripled after penalty hike
India | Sep 05, 2019, 08:21 AM ISTUnder the amended MV Act, the violation of PUC norm now invites a penalty of Rs 10,000. Earlier, it was Rs 1,000 on first violation and Rs 2,000 for next offence.
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Sebi fines Vital Communications, Rs 5 lakh for non compliance
Business | Aug 31, 2018, 04:55 PM IST"A penalty of Rs 5 lakh is imposed jointly and severally" on Vital Communications Ltd (VCL) by Sebi for failing to provide information on allotment of shares and there by violating Sebi norms.
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Marital rape not penal offence, Parliament debated it: Supreme Court
India | Aug 10, 2017, 07:23 AM ISTThe raging issue whether to make forced marital intercourse and sexual acts part of offence of rape in penal law has been extensively debated and now it cannot be considered as a criminal act, the Supreme Court today said
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High Court Waits For RBI Decision On Bank Penal Charges For Zero Balance
Aug 10, 2011, 10:44 PM ISTBangalore, August 10: The Karnataka high court on Tuesday observed that banks recovering penal charges from customers not maintaining minimum balance in their accounts might have to pay back the amount with penal interest once