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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 184 - Amendment of section 24. - FINANCE BILL, 2018

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

184. Amendment of section 24.

In the principal Act, in section 24,––

(i) after the words “adjudicating officer” at both the places where they occur, the words “or the Board” shall be inserted;

(ii) in sub-section (2), the words “of his” shall be omitted.

 



 

Notes on Clauses:

Clause 184 of the Bill seeks to amend section 24 of the Act, as a consequential amendment, to provide for prosecution in case of default in payment of monetary penalty levied by the Board and also for non-compliance with the directions of the Board.

 
 
 
 

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