Penalty range under section 15H revised to require a statutory minimum while preserving a profit-linked upper limit. Amendment revises the penalty framework under section 15H by substituting the prior single-threshold phrase with language requiring that the monetary sanction shall not be less than a prescribed minimum but may extend up to the higher of the existing maximum or a multiple of profits arising from the failure.
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Penalty range under section 15H revised to require a statutory minimum while preserving a profit-linked upper limit.
Amendment revises the penalty framework under section 15H by substituting the prior single-threshold phrase with language requiring that the monetary sanction shall not be less than a prescribed minimum but may extend up to the higher of the existing maximum or a multiple of profits arising from the failure.
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