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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 185 - Amendment of section 27. - FINANCE BILL, 2018

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

185. Amendment of section 27.

In the principal Act, in section 27,––

(i) for the marginal heading, the following marginal heading shall be substituted, namely:––

“Contravention by companies.”;

(ii) in sub-section (1), for the words “an offence under this Act,”, the words “a contravention of any of the provisions of this Act or any rule, regulation, direction or order made thereunder” shall be substituted;

(iii) for the word “offence”, wherever it occurs, the word “contravention” shall be substituted.

 

 



 

Notes on Clauses:

Clause 185 of the Bill seeks to amend section 27 of the Act, to enlarge the scope of the section to cover enforcement proceedings as provided therein.

 
 
 
 

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