Fines, etc., to be placed to the credit of the Central Bank

(1) All fines, forfeitures and penalties recovered or incurred under this Act or regulations made thereunder shall be placed to (2) Where the Central Bank is empowered under this Act to impose a fine or other penalty for failure to comply with any provisions of this Act or any regulations made thereunder, the Central Bank may, without prejudice to any other remedies available to it under the law, recover such fine or other penalty from the deposit maintained by the licensee with the Central Bank under section 21A.