Section 19G

Penalty for contravention where no separate penalty has been provided.

The Depositories Act, 1996

  • Act 22 of 1996
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide for regulation of depositories in securities and for matters connected therewith or incidental thereto.

All sections
    Whoever fails to comply with any provision of this Act, the rules or the regulations or bye-laws made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be 1 [liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees].

Notes

1. Subs. by Act 27 of 2014, s. 48, for certain words (w.e.f. 28-3-2014).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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