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of <h1>Section 23E Amended: Minimum Penalty Set at 5 Lakh, Maximum Remains 25 Crore Under Securities Contracts Regulation Act.</h1> Section 23E of the Securities Contracts (Regulation) Act, 1956, as amended by the Securities Laws (Amendment) Act, 2014, revises the penalty structure. The previous wording, which imposed a penalty not exceeding twenty-five crore rupees, is replaced. The new provision mandates a minimum penalty of five lakh rupees, with the maximum remaining at twenty-five crore rupees.
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