Depositories Act, 1996
Section - 19-I - Factors to be taken into account while adjudging quantum of penalty
[Factors to be taken into account while adjudging quantum of penalty].19-I. While adjudging the quantum of penalty under [section 19 or section 19H, the Board or the adjudicating officer] shall have due regard to the following factors, namely:-
[Explanation.-For the removal of doubts, it is clarified that the power [***] to adjudge the quantum of penalty under section 19A to 19F shall be and shall always be deemed to have been exercised under the provisions of this section.]
| (a) | - | the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default; |
| (b) | - | the amount of loss caused to an investor or group of investors as a result of the default; |
| (c) | - | the repetitive nature of the default. |
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