Securities And Exchange Board of India Act, 1992
Section - 15HA - Penalty for fraudulent and unfair trade practices
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Penalty for fraudulent and unfair trade practices.
15HA
. If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty of [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]].
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