15HA. Penalty for fraudulent and unfair trade practices
[15HA. Penalty for fraudulent and unfair trade practices.—If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty [which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher].]
Amendment notes (2)
- Ins w.e.f. 29-10-2002 . Ins. by Act 59 of 2002, s. 17 (w.e.f. 29-10-2002).
- Subs w.e.f. 8-2-2014 . Subs. by Act 27 of 2014, s. 14, for certain words (w.e.f. 8-2-2014). br