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of <h1>Amendment to Depositories Act clarifies adjudicating officer's power to determine penalties under section 19-I.</h1> In the Depositories Act, 1996, section 19-I has been amended to include an explanation clarifying the adjudicating officer's power. This amendment, introduced by the Finance Act, 2017, specifies that the officer's authority to determine penalty amounts under sections 19A to 19F is and has always been exercised under section 19-I. This clarification aims to remove any doubts regarding the scope of the adjudicating officer's powers concerning penalties.
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