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    <title>AMENDMENTS TO SECURITIES CONTRACTS (REGULATION) ACT, 1956 BY FINANCE BILL, 2018</title>
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    <description>Amendments expand SEBI&#039;s power to levy penalties directly, after prescribed inquiry, for specified contraventions including failures to furnish information, comply with listing or reporting obligations, and for exchanges or clearing corporations conducting business contrary to SEBI rules; they recalibrate penalty quantum with specified minimums and maximums, require consideration of disproportionate gains, investor loss and repetitiveness when adjudging penalties, mandate that settlement amounts (excluding disgorgement and legal costs) be credited to the Consolidated Fund, and provide for continuance of proceedings against legal representatives after death with liability limits tied to the estate.</description>
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