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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 183 - Amendment of section 15JB. - FINANCE BILL, 2018

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

183. Amendment of section 15JB.

In the principal Act, in section 15JB, after sub-section (4), the following sub-section shall be inserted, namely:––

“(5) All settlement amounts, excluding the disgorgement amount and legal costs, realised under this Act shall be credited to the Consolidated Fund of India.”.

 



 

Notes on Clauses:

Clause 183 of the Bill seeks to amend section 15JB of the Act, to provide for credit of settlement amounts, excluding disgorgement amount and legal costs, to the Consolidated Fund of India.

 
 
 
 

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