Offences

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... he shall be punishable with imprisonment for a term which may extend to ^2[ten years, or with fine, which may extend to twenty-five crore rupees or with both]. (2) If any person fails to pay the penalty imposed by the adjudicating officer ^4[or the Board] or fails to comply with any ^5[****] directions or orders, he shall be punishable with imprisonment for a term which shall not be less than ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....or with both" 3. Substituted vide Section 28 of the SEBI (Amendment) Act, 2002 dated 01-01-2002, w.e.f. 29-10-2002, before it was read as,  "three years or with fine which shall not be less than two thousand rupees but which may extend to ten thousand rupees or with both" by the SEBI (Amendment) Act, 2002 w.e.f. 29-10-2002, for "three years or with fine which ....