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of <h1>Section 15HB of SEBI Act: Penalties for Non-Compliance Range from 1 Lakh to 1 Crore.</h1> Section 15HB of the Securities and Exchange Board of India Act, 1992, imposes a penalty for any failure to comply with the Act, its rules, regulations, or directions issued by the Board when no specific penalty is prescribed. The penalty ranges from a minimum of one lakh rupees to a maximum of one crore rupees. This provision was amended by the Securities Laws (Amendment) Act, 2014, effective from September 8, 2014, to specify the minimum penalty amount.
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