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of <h1>Failing to provide accurate info to SEBI or stock exchanges under Section 23A can lead to hefty penalties.</h1> Section 23A of the Securities Contracts (Regulation) Act, 1956, mandates penalties for individuals or entities failing to provide required information, documents, or reports to a recognized stock exchange or the Securities and Exchange Board of India (SEBI) within the specified timeframe. Non-compliance or furnishing false, incorrect, or incomplete information results in a penalty ranging from a minimum of one lakh rupees to a maximum of one crore rupees, escalating daily during the period of non-compliance. Similar penalties apply for failing to maintain required books of account or records as per the listing agreements or exchange bye-laws.
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