CONSEQUENCES OF NON-IMPLEMENTATION OF THE AWARD

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..... he Ombudsman or an order of the Board passed in review petition or within such period as specified in the award or order of the Board. (2) If any person fails to implement the award or order of the Board passed in the review petition, without reasonable cause - (a) he shall be deemed to have failed to redress investors grievances and shall be liable to a penalty under section 15C of the Act .....

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