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of <h1>Amended Section 15F of SEBI Act: New Penalties Include Minimum Fines and Daily Charges for Ongoing Violations.</h1> Section 15F of the Securities and Exchange Board of India Act, 1992, was amended by the Securities Laws (Amendment) Act, 2014. The amendments include changes to penalty provisions: Clause (a) now mandates a penalty of at least one lakh rupees, potentially higher; Clause (b) imposes a minimum penalty of one lakh rupees, which can increase to one lakh rupees per day for ongoing violations, capped at one crore rupees; Clause (c) requires a penalty of at least one lakh rupees, which may extend to five times the brokerage amount.
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