Offences

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..... under, 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 .....

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..... hich 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 shall not be less than two thousand rupees but which may extend to ten thousand rupees or with both . 4 Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 5 Omitted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 before it was read as of his - - .....

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