Central Act
39
Section 39. Adjudication.
The National Bank for Financing Infrastructure and Development Act, 2021
In forceAll India (Central Act)
39. Adjudication. (1) The Board shall make regulations for setting up a mechanism for the purpose of determining the penalties specified under sub-section (5) of section 16 and sub-section (5) of section 19. (2) The regulations shall provide for a reasonable opportunity of being heard to the director or an employee against whom a complaint is made for violating the provisions of section 16 or section 19, as the case may be, and a right to prefer an appeal against any order imposing the penalty.