Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2018 amends Section 12A of Securities Contracts Act 1956, empowering SEBI to impose penalties after inquiry.</h1> Section 12A of the Securities Contracts (Regulation) Act, 1956, has been amended by the Finance Act, 2018. The existing section 12A is now designated as sub-section (1), and a new sub-section (2) has been added. This new provision empowers the Securities and Exchange Board of India (SEBI) to impose penalties under various sections, including 23A to 23H, following an inquiry conducted in a prescribed manner. The penalties can be levied by an order with reasons documented in writing, without affecting the existing provisions of sub-section (1) and section 23-I.