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of <h1>Section 19A Amendment: Depositories Act Penalties Revised; Minimum Fine Set, Daily Penalty Capped at One Crore Rupees.</h1> Section 19A of the Depositories Act, 1996, as amended by the Securities Laws (Amendment) Act, 2014, modifies the penalty structure for certain failures. Previously, the penalty was set at one lakh rupees for each day of continued failure or one crore rupees, whichever was less. The amendment changes this to a minimum penalty of one lakh rupees, which may increase to one lakh rupees per day of continued failure, with a cap at one crore rupees.
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