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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Part X AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 This

Clause 181 - Amendment of section 15-I. - FINANCE BILL, 2018

FINANCE BILL, 2018
Part X
AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
  • Contents

181. Amendment of section 15-I.

In the principal Act, in section 15-I, in sub-section (1),––

(i) after the figures and letter “15E,”, the figures and letters “15EA, 15EB,” shall be inserted;

(ii) for the word “shall” the word “may” shall be substituted.

 

 



 

Notes on Clauses:

Clause 181 of the Bill seeks to amend section 15-I of the Act, as a consequential amendment so as to enable the Board to levy monetary penalty by itself or its officer, not below the rank of Division Chief.

 
 
 
 

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