Section 45, Fiscal Responsibility and Budget Management Act, 2003 [S21-F5C]

As at 7 September 2026. In force from 5 August 2003.

In Fiscal Responsibility and Budget Management Act, 2003 [A11-8JV]. This text from 5 August 2003. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 45, Fiscal Responsibility and Budget Management Act, 2003 [S21-F5C]. Machine: S21-F5C.

45. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to five lakh rupees, and in the case of a continuing contravention, with an additional fine which may extend to twenty-five lakh rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to fifty thousand rupees.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 2, Fiscal Responsibility and Budget Management Act, 2003 [S21-DTZ], 5 August 2003, Band A. "section 45".

Not held (0)

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