TMI BlogAmendment of section 14.X X X X Extracts X X X X X X X X Extracts X X X X ..... be inserted, namely:- (d) the capital expenditure, as per annual capital expenditure plan approved by the Board and the Central Government. ; (ii) after sub-section (2), the following sub-sections shall be inserted, namely:- (3) The Board shall constitute a Reserve Fund and twenty-five per cent. of the annual surplus of the General Fund in any year shall be credited to such Reserve Fund and such ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Board even through any electronic means and not necessarily in writing, may also amount to a penalty under the said section. It is also proposed to amend section 15F of the said Act so as to provide monetary penalty for failure to issue contract notes in the form and in the manner specified by the stock exchange of which a registered stock broker is a member. It is also proposed to insert a new s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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