Offences under Depositories Act: contravention, attempt or abetment attract imprisonment and monetary penalty for breaches and noncompliance. Section 20 creates criminal liability for anyone who contravenes, attempts to contravene, or abets contravention of the Depositories Act or its subordinate instruments, without prejudice to penalties imposed by an adjudicating officer or the Board; it also criminalises failure to pay imposed penalties or to comply with directions or orders, subjecting the defaulting person to prescribed imprisonment and monetary penalty.
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.
Offences under Depositories Act: contravention, attempt or abetment attract imprisonment and monetary penalty for breaches and noncompliance.
Section 20 creates criminal liability for anyone who contravenes, attempts to contravene, or abets contravention of the Depositories Act or its subordinate instruments, without prejudice to penalties imposed by an adjudicating officer or the Board; it also criminalises failure to pay imposed penalties or to comply with directions or orders, subjecting the defaulting person to prescribed imprisonment and monetary penalty.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.