Penalty for failure to furnish information, return, etc

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..... furnish any document, return or report to the Board, fails to furnish the same 8 [ or who furnishes or files false, incorrect or incomplete information, return, report, books or other documents ] , he shall be liable to 2 [a penalty 3 [which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of on .....

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..... during which such failure continues subject to a maximum of one crore rupees]]. ********** 1 Chapters VI A and VI B containing sections 15A to 15J and 15K to 15Z respectively, inserted by Securities Laws (Amendment) Act, 1995 w.e.f. 25-1-1995. 2 Substituted for a penalty not exceeding one lakh and fifty thousand rupees for each such failure by the SEBI (Amendment) Act, 2002, w.e. .....

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..... of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less by the Securities Laws (Amendment) Act, 2014, w.e.f. 08-09-2014. 8. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 9. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax .....

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