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of <h1>Amendment to Section 15C of SEBI Act: Revised Penalties for Non-Compliance with Daily and Maximum Limits Set.</h1> Section 15C of the Securities and Exchange Board of India Act, 1992, has been amended by the Securities Laws (Amendment) Act, 2014. The amendment changes the penalty for certain failures. Previously, the penalty was one lakh rupees for each day of continued failure or one crore rupees, whichever was less. The revised provision sets a minimum penalty of one lakh rupees, which may extend to one lakh rupees per day of continued failure, with a maximum limit of one crore rupees.
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