Penalty for failure to furnish information, return, etc.

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..... furnish the same within the time specified therefor 5 [ or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents ] , he shall be liable to a penalty 2 [ which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees] for each such fai .....

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..... ubject to a maximum of 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 of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less by the Securities Laws(Amendment) Act, 2014, w.e.f. 08-09-2014. 3 Substituted for the words of one lakh rupees for each .....

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