Section 19F
Penalty for failure to comply with directions issued by Board under section 19 of the Act.
About this Act
An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto.
If any person fails to comply with the directions issued by the Board under section 19, within the
time specified by it, he shall be liable to a penalty 1
[which shall not be less than one lakh rupees but which
may extend to one lakh rupees for each day during which such failure continues subject to a maximum of
one crore rupees].
Notes
1. Subs. by s. 47, ibid., for certain words (w.e.f. 8-9-2014).