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        Bills

        Clause 183 - Amendment of section 15JB.

        Finance Bill, 2018
        Part X
        AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

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        Settlement amounts under securities law to be credited to the Consolidated Fund, excluding disgorgement and legal costs. The inserted sub section requires that all settlement amounts realised under the Act, other than the disgorgement amount and legal costs, shall be credited to the Consolidated Fund of India, while disgorgement and legal costs remain excluded from amounts routed to the Consolidated Fund.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Settlement amounts under securities law to be credited to the Consolidated Fund, excluding disgorgement and legal costs.

                                The inserted sub section requires that all settlement amounts realised under the Act, other than the disgorgement amount and legal costs, shall be credited to the Consolidated Fund of India, while disgorgement and legal costs remain excluded from amounts routed to the Consolidated Fund.


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