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<h1>Finance Bill 2018: Clause 144 amends Section 12A, boosting SEBI's power to impose penalties post-inquiry.</h1> Clause 144 of the Finance Bill, 2018 proposes an amendment to section 12A of the Securities Contracts (Regulation) Act, 1956. It introduces a new sub-section, allowing the Securities and Exchange Board of India (SEBI) to impose penalties under specified sections of the Act. This can be done after conducting an inquiry in the prescribed manner, with reasons documented in writing. The amendment aims to enhance SEBI's authority to enforce compliance and penalize violations effectively.