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Insertion of new sections 15EA and 15EB.-Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.-Penalty for default in case of investment adviser and research analyst.

Clause 179 - Bills - AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 - FINANCE BILL, 2018 - Clause 179 - 179. Insertion of new sections 15EA and 15EB. In the principal Act, after section 15E, the following sections shall be inserte .....

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tment funds, infrastructure investment trusts and real estate investment trusts or fails to comply with the directions issued by the Board, such person shall be liable to penalty which shall not be less than one lakh rupees but which may extend to on .....

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nalyst. 15EB. Where an investment adviser or a research analyst fails to comply with the regulations made by the Board or directions issued by the Board, such investment adviser or research analyst shall be liable to penalty which shall not be less t .....

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