Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.

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..... Exchange Board of India Act, 1992
1[Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts. 15EA. Where any person fails t .....

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..... to a maximum of one crore rupees or three times the amount of gains made out of such failure, whichever is higher.] ********** Notes 1. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 -
Stat .....

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