Penalty for failure to enter into an agreement

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..... depository or participant or any issuer or its agent or any person, who is registered as an intermediary under the provisions of section 12 of the Securities and Exchange Board of India Act, 1992 (15 .....

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..... a maximum of one crore rupees] for every such failure. ] *************** 1 Inserted by the Securities Laws (Amendment) Act, 2004, Sec. 17, w.e.f. 12-10-2004. 2 Substituted for the words .....

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