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of <h1>SEBI Officers Empowered to Impose and Review Penalties Under Section 15I of the SEBI Act, 1992</h1> Section 15I of the Securities and Exchange Board of India Act, 1992, grants SEBI the authority to appoint officers as adjudicating officers for inquiries related to penalties under specified sections. These officers, not below the rank of Division Chief, can summon individuals to provide evidence or documents during inquiries. If non-compliance with the Act is found, they may impose penalties. SEBI can review these proceedings and enhance penalties if deemed necessary for the securities market, provided the concerned party is heard. This review must occur within three months of the adjudicating officer's order or appeal disposal.
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