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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 - Bill - 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 conduct business .....

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d 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 failure, whichever i .....

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