False or incomplete periodical returns: stock exchanges now face equal penalties as for failure to furnish returns. The amendment establishes that a stock exchange which furnishes or files false, incorrect or incomplete periodical returns is liable to penalties in the ... Summary
False or incomplete periodical returns: stock exchanges now face equal penalties as for failure to furnish returns.
The amendment establishes that a stock exchange which furnishes or files false, incorrect or incomplete periodical returns is liable to penalties in the same manner as a stock exchange that fails or neglects to furnish periodical returns, aligning enforcement for defective submissions with the existing non filing penalty regime.
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