Penalty for failure to observe rules and regulations by an asset management company

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....992<br>Penalty for failure to observe rules and regulations by an asset management company. 15E. Where any asset management company of a mutual fund registered under this Act, fails to comply with ....

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....ot exceeding five lakh rupees for each such failure", by the SEBI (Amendment) Act, 2002, w.e.f. 29-10-2002. 2 Substituted for the words "of one lakh rupees for each day during which such failure co....