Section 15HB

Penalty for contravention where no separate penalty has been provided.

The Securities and Exchange Board of India Act, 1992

  • Act 15 of 1992
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

All sections
    1[15HB. Penalty for contravention where no separate penalty has been provided.-- Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be 2[liable to a penalty which shall not be less one lakh rupees but which may extend to one crore rupees].]]

Notes

1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995). br 2. Subs. by s. 15, ibid., for "liable to a penalty which may extend to one crore rupees" (w.e.f. 8-2-2014). br

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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