https://www.taxtmi.com/acts?id=32155 A new provision makes a stock exchange or clearing corporation liable to penalty where it fails to conduct business with members, issuers, agents, or market participants in accordance with SEBI rules, regulations and directions. The provision prescribes an enhanced monetary sanction framework combining a minimum statutory sanction, a higher statutory cap, and an alternate disgorgement based multiplier tied to gains from the failure, with the payable amount determined by whichever is higher. en-us Mon, 19 Mar 2018 16:42:32 +0530 Mon, 19 Mar 2018 16:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32155 A new provision makes a stock exchange or clearing corporation liable to penalty where it fails to conduct business with members, issuers, agents, or market participants in accordance with SEBI rules, regulations and directions. The provision prescribes an enhanced monetary sanction framework combining a minimum statutory sanction, a higher statutory cap, and an alternate disgorgement based multiplier tied to gains from the failure, with the payable amount determined by whichever is higher. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 16:42:32 +0530 https://www.taxtmi.com/acts?id=32155