Criminal liability for securities contravention imposes imprisonment or fines for failure to pay penalties or comply. Section 23M establishes criminal liability for contravention, attempted contravention, or abetment of the Securities Contracts (Regulation) Act or its subordinate instruments where no other punishment is provided, subjecting such conduct to imprisonment and/or substantial fines; it also penalises failure to pay an imposed penalty or to comply with a direction or order, linking administrative penalty processes to criminal sanctions.
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 liability for securities contravention imposes imprisonment or fines for failure to pay penalties or comply.
Section 23M establishes criminal liability for contravention, attempted contravention, or abetment of the Securities Contracts (Regulation) Act or its subordinate instruments where no other punishment is provided, subjecting such conduct to imprisonment and/or substantial fines; it also penalises failure to pay an imposed penalty or to comply with a direction or order, linking administrative penalty processes to criminal sanctions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
