Section 23E - Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds - Securities Contracts (Regulation) Act, 1956

1 [Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds. 23E. If a company or any person managing collective investment scheme or mutual fund 3 [ or real estate investment trust or infrastructure investment trust or alternative investment fund ] , fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall be 2 [ liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees.] *********** 1 Inserted by the Securities Laws (Amendment) Act, 2004, w.e.f.. 12-10-2004. 2 Substituted for the words liable to a penalty not exceeding twenty-five crore rupees by the Securities Laws (Amendment) Act, 2014, w.e.f 08-09-2014. 3. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019