Penalty for failure to redress investors’ grievances

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....ievances. 23C. If any stock broker or sub-broker or a company whose securities are listed or proposed to be listed in a recognised stock exchange, after having been called upon by the Securities and ....

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....such failure continues subject to a maximum of one crore rupees.] ******* 1 Inserted by the Securities Laws (Amendment) Act, 2004, w.e.f.. 12-10-2004. 2 Substituted for the words "of one lakh ....