TMI BlogPenalty for failure by any person to enter into an agreement with clientsX X X X Extracts X X X X X X X X Extracts X X X X ..... ny person to enter into an agreement with clients. 23B. If any person, who is required under this Act or any bye-laws of a recognised stock exchange made thereunder, to enter into an agreement with h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s "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.
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