Section 19G - Penalty for contravention where no separate penalty has been provided - Depositories Act, 1996

1 [Penalty for contravention where no separate penalty has been provided. 19G. Whoever fails to comply with any provision of this Act, the rules or the regulations or bye-laws made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be 2 [liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees ]] . ******************** 1 Inserted by the Securities Laws (Amendment) Act, 2004, Sec. 17, w.e.f. 12-10-2004. 2 Substituted for the words liable to a penalty which may extend to one crore rupees by the Securities Laws(Amendment) Act, 2014, w.r.e.f. 28-03-2014.