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of <h1>Amendments to Section 23M of Securities Contracts Act: Enhanced Prosecution for Monetary Penalty Non-Compliance Proposed in Finance Bill 2018.</h1> Clause 155 of the Finance Bill, 2018 proposes amendments to section 23M of the Securities Contracts (Regulation) Act, 1956. It includes adding 'or the Securities and Exchange Board of India' after 'adjudicating officer' and substituting 'the direction or order' for 'any of his direction or orders' in sub-section (2). These changes aim to facilitate prosecution for defaults in monetary penalty payments and non-compliance with the Board's directions.
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