Central · Act 10 of 1949

Section 48 — Application of fines.

The Banking Regulation Act, 1949

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A Court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings, or in or towards the rewarding of the person on whose information the fine is recovered.

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Next · Section 49Special provisions for private banking companies. →All sections / सभी धाराएँThe Banking Regulation Act, 1949 →
More sections of this actSection 1 · Short title, extent and commencement.Section 2 · Application of other laws not barred.Section 3 · Act not to apply to certain co-operative societies.Section 4 · Power to suspend operation of Act.Section 5 · Interpretation.Section 5A · Act to override memorandum, articles, etc.Section 6 · Form of business in which banking companies may engage.Section 7 · Use of words "bank", "banker", "banking" or "banking company".
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India Code, Government of India. Text fetched 15 Oct 2026. Source metadata reports last modification: 2026-01-06. Check the linked official text and subsequent notifications when applying a provision.

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Section 48 — Application of fines. | The Banking Regulation Act, 1949 | NYAYA SIGNAL

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