Section 23E
Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds.
The Securities Contracts (Regulation) Act, 1956
About this Act
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.
If a company or any person managing collective investment scheme or mutual fund 1[or real
estate investment trust or infrastructure investment trust or alternative investment fund], fails to comply
with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall
be 2[liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five
crore rupees].
Notes
1. Ins. by Act 13 of 2018, s. 150 (w.e.f. 8-3-2019).
2. Subs. by Act 27 of 2014, s. 29, for "liable to a penalty not exceeding twenty-five crore rupees" (w.e.f. 8-9-2014).
2. Subs. by Act 27 of 2014, s. 29, for "liable to a penalty not exceeding twenty-five crore rupees" (w.e.f. 8-9-2014).