Section 149 - Amendment of section 19-I. - Finance Act, 2017

PART IX AMENDMENT TO THE DEPOSITORIES ACT, 1996 Amendment of section 19-I. 149 . In the Depositories Act, 1996 (22 of 1996), in section 19-I, the following Explanation shall be inserted, namely:- Explanation .-For the removal of doubts, it is clarified that the power of an adjudicating officer to adjudge the quantum of penalty under sections 19A to 19F shall be and shall always be deemed to have been exercised under the provisions of this section. .