Meaning of Pecuniary Penalties

Pecuniary Penalties

Language - English

Tamil Word - பணத்தண்டங்கள்

Monetary fines or punishments imposed for violations of laws or regulations. In the context of Tamil Nadu real estate, pecuniary penalties could be levied for non-compliance with building codes, environmental regulations, or tax laws. Example: The builder was fined a hefty pecuniary penalty for constructing the building without obtaining the necessary permits. Pecuniary penalties serve as a deterrent against illegal or unethical practices in the real estate sector. They can also be used to compensate for damages or losses caused by non-compliance.