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of <h1>Amendment to Section 19D of Depositories Act: Penalty for Failures Now Between 1 Lakh and 1 Crore</h1> Section 19D of the Depositories Act, 1996, has been amended by the Securities Laws (Amendment) Act, 2014. The amendment changes the penalty for certain failures, specifying that the fine 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.
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