Penalty for failure to enter agreement: statutory sanctions may be imposed daily up to a prescribed maximum for non-compliance.

Section 19B creates a statutory penalty for failure to enter a required agreement under the Depositories Act: a depository, participant, issuer or its agent, and registered intermediaries are liable to a monetary sanction for each day the failure continues, subject to an overall statutory maximum; the provision sets minimum and maximum bounds and records amendment history to the monetary formulation.

---

---

---