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

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..... hange Board of India Act, 1992 - Act-Rules - 1 [Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts. 15EA. Where any .....

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..... inues subject 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, 20 .....

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