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Section 15a – The Securities and Exchange Board of India Act, 1992

The Securities and Exchange Board of India Act, 1992

 

15A. PENALTY FOR FAILURE TO FURNISH INFORMATION, RETURN, ETC.

 

If any person, who is required under this Act or any rules or regulations made there under, –

 

(a) to furnish any document, return or report to the Board, fails to furnish the same, he shall be liable to a penalty not exceeding one lakh and fifty thousand rupees for each such failure;

 

(b) to file any return or furnish any information, books or other documents within the time specified therefore in the regulations, fails to file return or furnish the same within the time specified therefore in the regulations, he shall be liable to a penalty not exceeding five thousand rupees for every day during which such failure continues;

 

(c) to maintain books of account or records, fails to maintain the same, he shall be liable to a penalty not exceeding ten thousand rupees for every day during which the failure continues.

 

 

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The Securities and Exchange Board of India Act, 1992

 

Indian Laws – Bare Acts

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