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Section 19F – The Depositories Act, 1996

The Depositories Act, 1996

 

 

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

 

1[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 of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.]

 

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1. Ins. by Act 1 of 2005, sec. 17 (w.r.e.f. 12-10-2004).

 

 

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The Depositories Act, 1996

 

Indian Laws – Bare Acts

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