Minimum penalty requirement set for contraventions under section 19G, imposing a monetary floor while preserving an upper cap. The amendment substitutes the prior wording that specified only an upper penalty limit with language requiring that a penalty shall not be less than a prescribed minimum while preserving the existing maximum ceiling under the relevant penalty provision of the Depositories Act.
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.
Minimum penalty requirement set for contraventions under section 19G, imposing a monetary floor while preserving an upper cap.
The amendment substitutes the prior wording that specified only an upper penalty limit with language requiring that a penalty shall not be less than a prescribed minimum while preserving the existing maximum ceiling under the relevant penalty provision of the Depositories Act.
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