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of <h1>Amendment to Section 23B: New Penalty Structure for Securities Violations, Minimum One Lakh, Max One Crore Rupees.</h1> Section 23B of the Securities Contracts (Regulation) Act, 1956, has been amended by the Securities Laws (Amendment) Act, 2014. The amendment changes the penalty structure for certain failures, specifying that the penalty shall not be less than one lakh rupees and may extend to one lakh rupees for each day the failure continues, with a maximum cap of one crore rupees.
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