TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Issuers face hefty fines under Section 23F for unauthorized dematerialization or unlisted securities delivery without exchange approval.</h1> Section 23F of the Securities Contracts (Regulation) Act, 1956, addresses penalties for issuers who dematerialize securities beyond the issued amount or deliver unlisted securities on stock exchanges. If an issuer engages in such activities without trading permission from a recognized stock exchange, they are subject to a penalty ranging from a minimum of five lakh rupees to a maximum of twenty-five crore rupees. This provision was inserted by the Securities Laws (Amendment) Act, 2004, and the penalty range was amended in 2014.
TaxTMI 
TaxTMI 
