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Depositories Act, 1996

Section - 19-IB - Recovery of amounts

[Recovery of amounts.

19-IB. (1) If a person fails to pay the penalty imposed [under this Act] or fails to comply with a direction of disgorgement order issued under section 19 or fails to pay any fees due to the Board, the Recovery Officer may draw up under his signature a statement in the specified form specifying the amount due from the person (such statement being hereafter in this Chapter referred to as certificate) and shall proceed to recover from such person the amount specified in the certificate by one or more of the following modes, namely:-

(a)-attachment and sale of the person's movable property;
(b)-attachment of the person's bank accounts;
(c)-attachment and sale of the person's immovable property;
(d)-arrest of the person and .... To read the full section download the app from Google Play store

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