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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Depositories Act Section 19C imposes minimum one lakh rupee penalty for failing to redress investor grievances within timeframes</h1> Section 19C of the Depositories Act, 1996 establishes penalties for entities that fail to redress investor grievances within specified timeframes. When the Board issues written notice requiring depositories, participants, issuers, their agents, or registered intermediaries to address investor complaints, failure to comply results in monetary penalties. The penalty structure was amended in 2014 to impose a minimum fine of one lakh rupees, with daily penalties of one lakh rupees for continued non-compliance, capped at one crore rupees maximum.
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