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Insertion of new section 23GA-Penalty for failure to conduct business in accordance with rules, etc

Clause 149 - Bills - AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 - Bill - Clause 149 - 149. Insertion of new section 23GA. After section 23G of the principal Act, the following section shall be inserted, namely:- Penalty for failure .....

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in accordance with the rules or regulations made by the Securities and Exchange Board of India and the directions issued by it under this Act, the stock exchange or the clearing corporations, as the case may be, shall be liable to penalty which shall .....

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