https://www.taxtmi.com/acts?id=32761 Failure to comply with Board directions under section 19 within the time specified renders a person liable to a penalty not less than one lakh rupees, which may extend to one lakh rupees for each day the failure continues, subject to a maximum of one crore rupees; the clause thus sets a minimum penalty, daily accrual, and an overall statutory cap. en-us Wed, 21 Nov 2018 14:20:52 +0530 Fri, 04 Jul 2025 12:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32761 Failure to comply with Board directions under section 19 within the time specified renders a person liable to a penalty not less than one lakh rupees, which may extend to one lakh rupees for each day the failure continues, subject to a maximum of one crore rupees; the clause thus sets a minimum penalty, daily accrual, and an overall statutory cap. Act-Rules SEBI Wed, 21 Nov 2018 14:20:52 +0530 https://www.taxtmi.com/acts?id=32761