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Insertion of new section 19FA.-Penalty for failure to conduct business in a fair manner.

Clause 191 - Bills - AMENDMENTS TO THE DEPOSITORIES ACT, 1996 - FINANCE BILL, 2018 - Clause 191 - 191. Insertion of new section 19FA. After section 19F of the principal Act, the following section shall be inserted, namely:- Penalty for failure to con .....

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de by the Board or directions issued by the Board under this Act, it shall be liable to penalty which shall not be less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failur .....

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