Penalty for failure to redress investors’ grievances

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..... If any depository or participant or any issuer or its agent or any person, who is registered as an intermediary under the provisions of section 12 of the Securities and Exchange Board of India Act, 19 .....

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..... hich such failure continues subject 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 .....

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