Section 15A: Penalty for failure to furnish information, return, etc.
The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 1992
[15A. Penalty for failure to furnish information, return, etc-- If any person, who is required under this Act or any rules or regulations made thereunder,---
(a) to furnish any document, return or report to the Board, fails to furnish the same, [or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents] he shall be liable to [a penalty [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;]]
(b) to file any return or furnish any information, books or other documents within the time specified therefor in the regulations, fails to file return or furnish the same within the time specified therefor in the regulations, he shall be liable to [a penalty [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;]]
(c) to maintain books of account or records, fails to maintain the same, he shall be liable to [a penalty [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.]]
Penalty for failure to furnish information, return, etc.
Jurisdiction
Central
Status
In force as published by the source
Judgments citing it
5
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
inserted, Act 9 of 1995. . Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995).
inserted, Act 13 of 2018. . Ins. by Act 13 of 2018, s. 181 (w.e.f. 8-3-2019).
substituted, Act 59 of 2002. . Subs. by Act 59 of 2002, s. 9, for "a penalty not exceeding one lakh and fifty thousand rupees for each such failure" (w.e.f. 29-10-2002).
substituted, Act 27 of 2014. . Subs. by Act 27 of 2014, s. 6, for certain words (w.e.f. 8-9-2014).
substituted, Act 59 of 2002. . Subs. by Act 59 of 2002, s. 9, for "a penalty not exceeding five thousand rupees for every day during which such failure continues" (w.e.f. 29-10-2002).
substituted. . Subs. by s. 9, ibid., for "a penalty not exceeding ten thousand rupees for every day during which such failure continues" (w.e.f. 29-10-2002).
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