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<h1>Depositories Act Section 19C: Amended Penalty Structure Sets Fines from 1 Lakh to 1 Crore for Ongoing Failures.</h1> Section 19C of the Depositories Act, 1996, as amended by the Securities Laws (Amendment) Act, 2014, modifies the penalty structure for certain failures. The amendment changes the wording to specify 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.