LawgistThe Depositories Act
19FPenalty for failure to comply with directions issued by Board under section 19 of the Act
If any person fails to comply with the directions issued by the Board under section 19, within the time specified by it, he shall be liable to a penalty 1 [which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees].
Download our fully-offline, High speed android app.- Click here
1. Subs. by s. 47, ibid., for certain words (w.e.f. 8-9-2014).
ENQUIRY AND INSPECTION
- 18 Power of Board to call for information and enquiry
- 19 Power of Board to give directions in certain cases
- 19A Penalty for failure to furnish information, return, etc
- 19B Penalty for failure to enter into an agreement
- 19C Penalty for failure to redress investors‟ grievances
- 19D Penalty for delay in dematerialisation or issue of certificate of securities
- 19E Penalty for failure to reconcile records
- 19F Penalty for failure to comply with directions issued by Board under section 19 of the Act
- 19FA Penalty for conduct business in a fair manner
- 19G Penalty for contravention where no separate penalty has been provided
- 19H Power to adjudicate
- 19-I Factors to be taken into account by adjudicating officer
- 19-IA Settlement of Administrative and Civil Proceeding
- 19-IB Recovery of amounts
- 19-IC Continuance of proceedings
- 19J Crediting sums realised by way of penalties to Consolidated Fund of India
