Penalty provision revised: daily minimum and maximum cap specified for failures under depositories law regime. The amendment revises section 19D to establish that the sanction shall not be less than the specified minimum, may be imposed for each day during which the failure continues, and remains subject to the statutory maximum aggregate cap, thereby reframing the prior daily-or-cap formulation into a minimum-daily-with-maximum structure.
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.
Penalty provision revised: daily minimum and maximum cap specified for failures under depositories law regime.
The amendment revises section 19D to establish that the sanction shall not be less than the specified minimum, may be imposed for each day during which the failure continues, and remains subject to the statutory maximum aggregate cap, thereby reframing the prior daily-or-cap formulation into a minimum-daily-with-maximum structure.
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