Section 19FA:
Penalty for conduct business in a fair manner.
1
[19FA. Penalty for failure to conduct business in a fair manner.--Where a depository fails to
conduct its business with its participants or any issuer or its agent or any person associated with the
securities markets in a fair manner in accordance with the rules, regulations made by the Board or
directions issued by the Board under this Act, it shall be liable to penalty which shall not be less than five
crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made
out of such failure, whichever is higher.]
Notes:
1. Ins. by Act 13 of 2018, s. 194 (w.e.f. 8-3-2019).