The Securities Contracts (Regulation) Act, 1956
Section 23H. Penalty for contravention where no separate penalty has been provided.
1[23H. Penalty for contravention where no separate penalty has been provided.--Whoever fails to comply with any provision of this Act, the rules or articles or bye-laws or the regulations of the recognised stock exchange or directions issued by the Securities and Exchange Board of India for which no separate penalty has been provided, shall be 2[liable to a penalty which shall not be less than one lakh rupees but which may extend to one crore rupees].
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