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of <h1>Amendment to Securities Contracts Act clarifies adjudicating officer's power to set penalties under sections 23A-23C via section 23J.</h1> In the Securities Contracts (Regulation) Act, 1956, section 23J is amended by the Finance Act, 2017. The amendment introduces an explanation clarifying that the adjudicating officer's power to determine the penalty amount under sections 23A to 23C is, and has always been, exercised under the provisions of section 23J.
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