Penalty for non-disclosure of acquisition of shares and takeovers

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....of acquisition of shares and takeovers. 15H. If any person, who is required under this Act or any rules or regulations made thereunder, fails to,- (i) disclose the aggregate of his shareholding in ....

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....ich shall not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such failure, whichever is higher]. ********** 1 Inserted....