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Section 15HB: Penalty for contravention where no separate penalty has been provided.

The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 1992

[15HB. Penalty for contravention where no separate penalty has been provided.-- Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be [liable to a penalty which shall not be less one lakh rupees but which may extend to one crore rupees].]]

Where this provision sits

ActThe Securities and Exchange Board of India Act, 1992
Section15HB
Marginal notePenalty for contravention where no separate penalty has been provided.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it4

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). br
  • substituted. . Subs. by s. 15, ibid., for "liable to a penalty which may extend to one crore rupees" (w.e.f. 8-2-2014). br

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