Penalty for failure to reconcile records

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..... icipant 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, 1992 (15 of 1992) , fails t .....

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..... e 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 c .....

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