Criminal penalties for unauthorised securities contracts: imprisonment and substantial fines for specified contraventions. Section 23 prescribes criminal sanctions for a range of specified contraventions under the Act-including failure without reasonable excuse to comply with requisitions, entering into prohibited contracts, operating or permitting off-exchange trading premises, falsely representing or canvassing as an authorised intermediary, and assembling persons for off-exchange contracts-while preserving administrative penalties by the Adjudicating Officer or the Securities and Exchange Board of India.
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.
Criminal penalties for unauthorised securities contracts: imprisonment and substantial fines for specified contraventions.
Section 23 prescribes criminal sanctions for a range of specified contraventions under the Act-including failure without reasonable excuse to comply with requisitions, entering into prohibited contracts, operating or permitting off-exchange trading premises, falsely representing or canvassing as an authorised intermediary, and assembling persons for off-exchange contracts-while preserving administrative penalties by the Adjudicating Officer or the Securities and Exchange Board of India.
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