Prevention of Money Laundering Act, 2002 : Recovery of fines. Indian Bare Acts :

Prevention of Money Laundering Act, 2002,2003

Act No : 15

Section : Recovery of fines.

69. Recovery of fines.-Where any fine imposed on any person under section 13 or section 63 is not paid within six months from the day of imposition of fine, the Director or any other officer authorised by him in this behalf may proceed to recover the amo nt from the said person in the same manner as prescribed in Schedule II of the Income-tax Act, 1961 (43of 1961) for the recovery of arrears and he or any officer authorised by him in this behalf shall have all the powers of the Tax Recovery Officer menti ned in the said Schedule for the said purpose.