The Securities and Exchange Board of India Act

Penalty for failure to furnish information, return, etc

Penalty for failure by any person to enter into agreement with clients

Penalty for failure to redress investors‟ grievances

Penalty for certain defaults in case of mutual funds

Penalty for failure to observe rules and regulations by an asset management company

Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts

Penalty for default in case of investment adviser and research analyst

Penalty for default in case of stock brokers

Penalty for insider trading

Penalty for non-disclosure of acquisition of shares and takeovers

Penalty for fraudulent and unfair trade practices

Penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board

Penalty for contravention where no separate penalty has been provided

Power to adjudicate

Factors to be taken into account while adjudging quantum of penalty

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

Settlement of administrative and civil proceedings


PENALTIES AND ADJUDICATION


1[15JA. Crediting sums realised by way of penalties to Consolidated Fund of India.--All sums
realised by way of penalties under this Act shall be credited to the Consolidated Fund of India].


LAWGIST

# 15JA Crediting sums realised by way of penalties to Consolidated Fund of India