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        SEBI

        Section 19F - Penalty for failure to comply with directions issued by Board under section 19 of the Act.

        Depositories Act, 1996
        Chapter IV
        ENQUIRY AND INSPECTION

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        Penalty for failure to comply with Board directions: daily fines accrue during noncompliance up to a statutory maximum. Failure to comply with Board directions under section 19 within the time specified renders a person liable to a penalty not less than one lakh rupees, which may extend to one lakh rupees for each day the failure continues, subject to a maximum of one crore rupees; the clause thus sets a minimum penalty, daily accrual, and an overall statutory cap.
                    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.

                          Penalty for failure to comply with Board directions: daily fines accrue during noncompliance up to a statutory maximum.

                          Failure to comply with Board directions under section 19 within the time specified renders a person liable to a penalty not less than one lakh rupees, which may extend to one lakh rupees for each day the failure continues, subject to a maximum of one crore rupees; the clause thus sets a minimum penalty, daily accrual, and an overall statutory cap.


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