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.
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.
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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