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of <h1>Penalty for Violations Under Section 15HA Amended: Minimum Penalty Set at 5 Lakh, Extending to 25 Crore or 3x Profits</h1> Section 15HA 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 practices. Previously, the penalty was the higher of twenty-five crore rupees or three times the profits made. The revised penalty now has a minimum threshold of five lakh rupees, but it can still extend to twenty-five crore rupees or three times the profits made, whichever is higher.
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