9911796707
TMI BlogModes of RecoveryX X X X Extracts X X X X X X X X Extracts X X X X ..... oceed to recover the penalty in the following manner,- (a) the recovery officer shall, at any time after expiry of the period stipulated in the recovery certificate, require the enterprise in default or the person in default, from whom the penalty is due or may become due, or any other enterprise who holds or may subsequently hold money for or on account of the enterprise in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th any other enterprise and for the purposes of this regulation, the shares of the joint holders in such account shall be presumed, until the contrary is proved, to be equal; (c) a recovery certificate may be issued to the legal heirs of the person in default in case the person in default is deceased and for the purposes of this regulation, the shares of all legal heirs for such a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pecting any property, in relation to which a recovery certificate has been issued, arising after the date of the demand notice, shall be void as against any demand contained in the recovery certificate; (f) where an enterprise or a person to whom a recovery certificate has been issued objects to it by a statement on oath that the sum demanded or any part thereof is not due to the enter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia (being a country with which the Central Government has entered into an agreement for the recovery of penalty under the Act and the corresponding law in force in that country), the Commission may propose to that country to take such action thereon as the Commission may deem appropriate having regard to the terms of the said agreement with such country and to remit any sum s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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