Penalty for unfair conduct by depositories: monetary sanctions for non-compliance with rules, regulations or directions. A new provision creates a penalty for failure to conduct business in a fair manner by a depository in dealings with participants, issuers or other market-related persons, where such conduct contravenes rules, regulations made by the Board or directions issued by the Board; liability is expressed as a prescribed minimum and maximum monetary penalty with an alternative calculation based on gains realised from the failure, applying whichever is higher.
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.
Penalty for unfair conduct by depositories: monetary sanctions for non-compliance with rules, regulations or directions.
A new provision creates a penalty for failure to conduct business in a fair manner by a depository in dealings with participants, issuers or other market-related persons, where such conduct contravenes rules, regulations made by the Board or directions issued by the Board; liability is expressed as a prescribed minimum and maximum monetary penalty with an alternative calculation based on gains realised from the failure, applying whichever is higher.
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