False or incomplete periodical returns now trigger regulatory liability under securities law, expanding obligations for accurate filings. Amendment expands section 23G of the Securities Contracts (Regulation) Act by inserting the words "or furnishes false, incorrect or incomplete periodical ... Summary
False or incomplete periodical returns now trigger regulatory liability under securities law, expanding obligations for accurate filings.
Amendment expands section 23G of the Securities Contracts (Regulation) Act by inserting the words "or furnishes false, incorrect or incomplete periodical returns" after "periodical returns," thereby creating express liability for submitting misleading or incomplete periodic filings and obliging regulated persons to ensure accuracy and completeness.
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