Penalties
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....ontained in section 13 or section 16; or (c) contravenes the provisions contained in 1[section 17 or section 17A], or section 19; or 2[(d) enters into any contract in derivative in contravention of section 18A or the rules made under section 30;] (e) owns or keeps a place other than that of a recognised stock exchange which is used for the purpose of entering into or performing any contracts i....
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....nto or performed under this Act through him; or (h) not being a member of a recognised stock exchange or his agent authorised as such under the rules or bye-laws of such stock exchange or not being a dealer in securities licensed under section 17, canvasses, advertises or touts in any manner either for himself or on behalf of any other persons for any business connected with contracts in contrave....
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....ns of 5[section 21 or section 21A] or with the orders of] or section 22 6[or with the orders of the Securities Appellate Tribunal] 7[shall, without prejudice to any award of penalty by the Adjudicating Officer under this Act, on conviction, be punishable with imprisonment for a term which may extend to ten years or with fine, which may extend to twenty-five crore rupees, or with both.] **********....
TaxTMI
TaxTMI