# 23F Penalty for excess dematerialisation or delivery of unlisted securities
If any issuer dematerialises securities more than the issued securities of a company or delivers in the stock exchanges the securities which are not listed in the recognised stock exchange or delivers securities where no trading permission has been given by the recognised stock exchange, he shall be 1[liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees].
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1. Subs. by s. 30, <i>ibid</i>., for "liable to a penalty not exceeding twenty-five crore rupees" (w.e.f. 8-9-2014).
PENALTIES AND PROCEDURE
23B
Penalty for failure by any person to enter into an agreement with clients23C
Penalty for failure to redress Investors grievances23D
Penalty for failure to segregate securities or moneys of client or clients23E
Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds23G
Penalty for failure to furnish periodical returns, etc23GA
Penalty for failure to conduct business in accordance with rules, etc23H
Penalty for contravention where no separate penalty has been provided
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