TMI BlogPenalty for failure to segregate securities or moneys of client or clients.X X X X Extracts X X X X X X X X Extracts X X X X ..... segregate securities or moneys of client or clients. 23D. If any person, who is registered under section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) as a stock broker or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he words "liable to a penalty not exceeding one crore rupees" by the Securities Laws (Amendment) Act, 2014, w.e.f 08-09-2014.
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