The Depositories Act

Power of Board to call for information and enquiry

Power of Board to give directions in certain cases

Penalty for failure to furnish information, return, etc

Penalty for failure to enter into an agreement

Penalty for failure to redress investors‟ grievances

Penalty for delay in dematerialisation or issue of certificate of securities

Penalty for failure to reconcile records

Penalty for failure to comply with directions issued by Board under section 19 of the Act

Penalty for conduct business in a fair manner

Penalty for contravention where no separate penalty has been provided

Power to adjudicate

Factors to be taken into account by adjudicating officer

Settlement of Administrative and Civil Proceeding

Recovery of amounts

Continuance of proceedings

Crediting sums realised by way of penalties to Consolidated Fund of India


ENQUIRY AND INSPECTION


Whoever fails to
comply with any provision of this Act, the rules or the regulations or bye-laws made or directions issued
by the Board thereunder for which no separate penalty has been provided, shall be 1
[liable to a penalty
which shall not be less than one lakh rupees but which may extend to one crore rupees].

LAWGIST

# 19G Penalty for contravention where no separate penalty has been provided