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of <h1>Securities Contracts Act Update: Section 23H Amended; Penalty Now Ranges from 1 Lakh to 1 Crore.</h1> Section 23H of the Securities Contracts (Regulation) Act, 1956, as amended by the Securities Laws (Amendment) Act, 2014, modifies the penalty structure. The amendment changes the penalty from a potential maximum of one crore rupees to a mandatory minimum of one lakh rupees, with the possibility of extending up to one crore rupees.
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