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of <h1>Amended Section 19F of Depositories Act alters penalties: starts at 1 lakh, up to 1 lakh/day, capped at 1 crore.</h1> Section 19F 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 penalty from a fixed amount of one lakh rupees per day or a maximum of one crore rupees to a structure where the penalty starts at a minimum of one lakh rupees and may increase to one lakh rupees per day, with a cap at one crore rupees.
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