Liability to penalty applies where no separate sanction exists, authorizing a prescribed monetary range under securities law. Where a person fails to comply with any provision of the Securities and Exchange Board of India Act, its rules, regulations or directions for which no separate penalty is prescribed, the responsible person is liable to a penalty set within a specified lower and upper bound; an amendment introduced a mandatory minimum threshold where previously only an upper bound existed.
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.
Liability to penalty applies where no separate sanction exists, authorizing a prescribed monetary range under securities law.
Where a person fails to comply with any provision of the Securities and Exchange Board of India Act, its rules, regulations or directions for which no separate penalty is prescribed, the responsible person is liable to a penalty set within a specified lower and upper bound; an amendment introduced a mandatory minimum threshold where previously only an upper bound existed.
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