Section 59, Securities and Exchange Board of India Act, 1992 [S1W-Z8T]

As at 28 April 1992. In force from 28 April 1992.

In Securities and Exchange Board of India Act, 1992 [A11-1F5]. This text from 28 April 1992 to 1 September 2008. Other texts (2): from 2 September 2008 to 7 October 2023; from 8 October 2023.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 59, Securities and Exchange Board of India Act, 1992 [S1W-Z8T]. Machine: S1W-Z8T@1992-04-28.

59. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to twenty-five crore rupees, and in the case of a continuing contravention, with an additional fine which may extend to one lakh rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to one lakh rupees.

Defined terms in this text (0)

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Made under this section, or naming it (0)

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Cited by (2)

Section 2, Securities and Exchange Board of India Act (Amendment) Act, 2008 [S24-F19], 2 September 2008, Band A. "section 59 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)".

Section 2, Securities and Exchange Board of India Act (Amendment) Act, 2023 [S2B-T6E], 8 October 2023, Band A. "section 59 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)".

Not held (0)

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Duties published under this section (0)

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