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of <h1>Section 19H: Board Can Enhance Penalties for Erroneous Orders Affecting Securities Market, With Opportunity to Be Heard.</h1> Section 19H of the Depositories Act, 1996, as amended by the Securities Laws (Amendment) Act, 2014, introduces a new sub-section (3). This provision allows the Board to review and examine any proceedings under this section. If the Board finds an adjudicating officer's order erroneous and against the securities market's interests, it can enhance the penalty after necessary inquiries. However, this action requires providing the concerned person an opportunity to be heard. The provision is applicable only within three months of the adjudicating officer's order or the appeal's disposal under section 23A, whichever is earlier.
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