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Section 19I – The Depositories Act, 1996

The Depositories Act, 1996

 

 

19-I. Factors to be taken into account by adjudicating officer.

 

1[19-I. Factors to be taken into account by adjudicating officer.—While adjudging the quantum of penalty under section 19H, the adjudicating officer shall have due regard to the following factors, namely:—

 

(a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default;

 

(b) the amount of loss caused to an investor or group of investors as a result of the default;

 

(c) the repetitive nature of the default.]

 

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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

 

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