Section 26 of The Credit Information Companies (Regulation) Act, 2005.
Application of fines.
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 for such purposes as may be directed by the court.
Summary
- When a court imposes a fine under this law, it has the power to decide how that money should be spent.
- The court can direct that the fine, either in whole or in part, be used to pay for the costs of the legal proceedings.
- The court is also free to direct the fine to be used for any other purposes it deems appropriate.
Practical examples
FAQ
1. Who decides where the fine money goes after it is collected?
The court that imposes the fine has the authority to direct how it is applied.
2. Can the fine be used to cover the expenses of the trial?
Yes, the court can direct the whole or any part of the fine towards payment of the costs of the proceedings.
3. Are there any strict limits on what the court can direct the fine toward?
The law broadly allows the court to direct it for such purposes as the court may direct.
Test yourself
1.Under Section 26 of The Credit Information Companies (Regulation) Act, 2005., what authority does a court have regarding a fine it imposes?
2.Under Section 26 of The Credit Information Companies (Regulation) Act, 2005., how much of the imposed fine can the court direct towards the payment of proceeding costs?
3.Under Section 26 of The Credit Information Companies (Regulation) Act, 2005., besides covering the costs of proceedings, what else can the court do with the fine?
4.Under Section 26 of The Credit Information Companies (Regulation) Act, 2005., who holds the power to direct the application of fines?