Section 15HB - Penalty for contravention where no separate penalty has been provided - Securities and Exchange Board of India Act, 1992

Penalty for contravention where no separate penalty has been provided. 15HB . Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be 1 [liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees.] *********** 1Substituted for the words liable to a penalty which may extend to one crore rupees by the Securities Laws (Amendment) Act, 2014, w.e.f. 08-09-2014.