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of <h1>Amendment to Section 15A of the Securities Act: New Penalty Structure Introduced, Fines Up to One Crore Rupees.</h1> Section 15A of the Securities and Exchange Board of India Act, 1992, has been amended by the Securities Laws (Amendment) Act, 2014. The amendment modifies the penalty provisions in clauses (a), (b), and (c) by replacing the previous penalty structure with a new one. The revised penalty states that the fine shall not be less than one lakh rupees and may extend to one lakh rupees for each day the failure continues, with a maximum limit of one crore rupees.
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