Act Number: 22

Act Name: The Depositories Act, 1996

Year: 1996

Enactment Date: 1996-08-10

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

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 19F: Penalty for failure to comply with directions issued by Board under section 19 of the Act.
    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).
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