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of <h1>Depositories Act Section 20 Amended: Board Authority Added for Prosecution of Defaults in Penalty Payments and Compliance Issues.</h1> Section 20 of the Depositories Act, 1996 is amended to include the authority of the Board alongside the adjudicating officer. Specifically, the amendments insert the words 'or the Board' in sub-section (1) and replace certain phrases in sub-section (2) to ensure the Board's authority is recognized. These changes facilitate prosecution for defaults in monetary penalty payments or non-compliance with Board directions, enhancing the enforcement mechanisms under the Act.
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