Penalties for falsifying or destroying records expand to include electronic data, increasing enforcement tools against obstruction. Amendments would limit accumulation of the regulator's surplus funds, make failure to redress investor grievances after being called by the Board (including via electronic means) penalisable, impose monetary penalty for failure to issue contract notes in the stock exchange prescribed form and manner, create a new penal provision for alteration, destruction, concealment or falsification of information or electronic records that impede investigations, and provide protection for the Board's and intermediaries' electronic databases.
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Provisions expressly mentioned in the judgment/order text.
Penalties for falsifying or destroying records expand to include electronic data, increasing enforcement tools against obstruction.
Amendments would limit accumulation of the regulator's surplus funds, make failure to redress investor grievances after being called by the Board (including via electronic means) penalisable, impose monetary penalty for failure to issue contract notes in the stock exchange prescribed form and manner, create a new penal provision for alteration, destruction, concealment or falsification of information or electronic records that impede investigations, and provide protection for the Board's and intermediaries' electronic databases.
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