Securities And Exchange Board of India Act, 1992
Section - 28B - Continuance of proceedings
[Continuance of proceedings.28B. (1) Where a person dies, his legal representative shall be liable to pay any sum which the deceased would have been liable to pay, if he had not died, in the like manner and to the same extent as the deceased:Provided that, in case of any penalty payable under this Act, a legal representative shall be liable only in case the penalty has been imposed before the death of the deceased person.(2) For the purposes of sub-section (1),--
| (a) | - | any proceeding for disgorgement, refund or an action for recovery before the Recovery Officer under this Act, except a proceeding for levy of penalty, initiated against the deceased before his death shall be deemed to have been initiated against the legal representative, and may be continued against the legal representative from the stage at which it stood on the date of the death of the deceased and all the provisions of this Act shall apply accordingly; |
| (b) | - | any proceeding for disgorgement, refund or an action for recovery before the Recovery Officer under this Act, except a proceeding for levy of penalty, which could have been initiated against the deceased if he had survived, may be initiated against the legal representative and all the provisions of this Act shall apply .... To read the full section download the app from Google Play store
ARTICLESHIP
07 September 2026
Article/ Paid AssistantMurali and Sumeet Chartered Accountant Bengaluru CA Foundation View Details
ARTICLESHIP
17 August 2026
Article AssistantK R Kiran Kumar & Associates Bengaluru CA Inter View Details
Featured
12 September 2026
Assistant Manager - Finance & ComplianceNaveen Fintech Pvt Ltd Kolkata CA Inter View Details
ARTICLESHIP
26 August 2026
CA Article Assistant/CA Drop Out/Accounts ExecutivePARV & Co. New Delhi CA Inter View Details
CCI
Pro
|
CAclubindia
