# 15EB Penalty for default in case of investment adviser and research analyst
1[2[15EB. Penalty for default in case of investment adviser and research analyst.--Where an investment adviser or a research analyst fails to comply with the regulations made by the Board or directions issued by the Board, such investment adviser or research analyst shall be liable to penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees.]]
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1. Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995). br 2. Ins. by Act 13 of 2018, s. 182 (w.e.f. 8-3-2019).
PENALTIES AND ADJUDICATION
15C
Penalty for failure to redress investors‟ grievances15D
Penalty for certain defaults in case of mutual funds15E
Penalty for failure to observe rules and regulations by an asset management company15EA
Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts15F
Penalty for default in case of stock brokers15G
Penalty for insider trading15H
Penalty for non-disclosure of acquisition of shares and takeovers
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