Minimum penalty requirement set for contraventions under section 19G, imposing a monetary floor while preserving an upper cap. The amendment substitutes the prior wording that specified only an upper penalty limit with language requiring that a penalty shall not be less than a ... Summary
Minimum penalty requirement set for contraventions under section 19G, imposing a monetary floor while preserving an upper cap.
The amendment substitutes the prior wording that specified only an upper penalty limit with language requiring that a penalty shall not be less than a prescribed minimum while preserving the existing maximum ceiling under the relevant penalty provision of the Depositories Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.