Penalty for Failure to Furnish Information, Return, etc

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....furnish any document, return or report to the Board, fails to furnish the same ^8[or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents], he shall be liable to ^2[a penalty ^5[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ng which such failure continues subject to a maximum of one crore rupees]].     *************** NOTES:- 1. Inserted vide Section 9 of the Securities Laws (Amendment) Act, 1995 dated 25-03-1995, w.e.f. 25-1-1995. 2. Substituted vide Section 9 of the SEBI (Amendment) Act, 2002 dated 01-01-2002, w.e.f. 29-10-2002, before it was ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ich such failure continues or one crore rupees, whichever is less" 6. Substituted vide Section 6 of the Securities Laws (Amendment) Act, 2014 dated 22-08-2014, w.e.f. 08-09-2014, before it was read as,  "of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less" 7. Substituted vide Section 6 of the Secu....