Failure to notify required changes creates liability under statutory penalty provisions for market participants under the central database regime. Failure to intimate changes required in regulation 17 attracts liability and exposes the person to action under clause (b) of section 15A of the Act, thereby linking the duty of intimation for market participants to the statute's penalty mechanism.
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.
Failure to notify required changes creates liability under statutory penalty provisions for market participants under the central database regime.
Failure to intimate changes required in regulation 17 attracts liability and exposes the person to action under clause (b) of section 15A of the Act, thereby linking the duty of intimation for market participants to the statute's penalty mechanism.
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