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          <h1>Violating Securities Contracts Act Provisions Can Lead to Penalties from 1 Lakh to 1 Crore.</h1> Whoever contravenes any provision of the Securities Contracts (Regulation) Act, 1956, its rules, articles, bye-laws, or the regulations of a recognized stock exchange, or any directions issued by the Securities and Exchange Board of India (SEBI), without a specific penalty provision, shall face a penalty ranging from a minimum of one lakh rupees to a maximum of one crore rupees. This provision was inserted by the Securities Laws (Amendment) Act, 2004, and the penalty range was updated by the Securities Laws (Amendment) Act, 2014.

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