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of <h1>Section 15H: Penalties for Non-Disclosure in Share Acquisitions and Takeovers Under SEBI Act 1992, Amendments in 2002 & 2014.</h1> Under the Securities and Exchange Board of India Act, 1992, Section 15H imposes penalties for failure to disclose share acquisitions and takeovers. Obligations include disclosing shareholdings before acquisition, making public announcements for share acquisition at a minimum price, sending offer letters to shareholders, and paying consideration to shareholders who sell shares. Non-compliance results in penalties ranging from a minimum of ten lakh rupees to twenty-five crore rupees or three times the profits gained from the failure, whichever is higher. Amendments in 2002 and 2014 have refined these provisions.
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