Penalty for contravention imposes fines where no separate penalty exists for non-compliance with Act, rules, exchange regulations or SEBI directions. Section 23H prescribes a residual monetary sanction for failure to comply with the Securities Contracts (Regulation) Act, its rules, recognised stock exchange articles or regulations, and directions of the Securities and Exchange Board of India when no separate penalty exists, making contraveners liable to a penalty within a legislated monetary band.
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.
Penalty for contravention imposes fines where no separate penalty exists for non-compliance with Act, rules, exchange regulations or SEBI directions.
Section 23H prescribes a residual monetary sanction for failure to comply with the Securities Contracts (Regulation) Act, its rules, recognised stock exchange articles or regulations, and directions of the Securities and Exchange Board of India when no separate penalty exists, making contraveners liable to a penalty within a legislated monetary band.
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