Minimum penalty introduced for securities contracts regulation breaches, creating a mandatory floor while retaining a maximum sanction. The amendment to section 23F substitutes the previous penalty wording with a provision establishing a minimum and maximum sanction, stating the offender shall be liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum penalty introduced for securities contracts regulation breaches, creating a mandatory floor while retaining a maximum sanction.
The amendment to section 23F substitutes the previous penalty wording with a provision establishing a minimum and maximum sanction, stating the offender shall be liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees.
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