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of <h1>Section 19E penalties for failing to reconcile dematerialized securities records range from one lakh to one crore rupees</h1> Section 19E of the Depositories Act, 1996 establishes penalties for failure to reconcile records of dematerialized securities. Depositories, participants, issuers, their agents, or registered intermediaries under the Securities and Exchange Board of India Act, 1992 who fail to reconcile dematerialized securities records with all securities issued by the issuer face monetary penalties. The penalty ranges from a minimum of one lakh rupees to one lakh rupees per day of continued failure, capped at one crore rupees maximum.
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