If a company or any person managing collective investment scheme or mutual fund [or real estate investment trust or infrastructure investment trust or alternative investment fund], fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall be [liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees].
Section 23E: Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds.
The Securities Contracts (Regulation) Act, 1956Central Act · Act 42 of 1956
Where this provision sits
| Act | The Securities Contracts (Regulation) Act, 1956 |
|---|---|
| Section | 23E |
| Marginal note | Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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 13 of 2018. . Ins. by Act 13 of 2018, s. 150 (w.e.f. 8-3-2019).
- substituted, Act 27 of 2014. . Subs. by Act 27 of 2014, s. 29, for "liable to a penalty not exceeding twenty-five crore rupees" (w.e.f. 8-9-2014).
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