Penalty for Failure to Furnish Information, Return, etc

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....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 rupees]]; (b) to file any ret....

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....m 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 read as,  "a penalty not exceeding one lakh and fifty thousand rupees for ....