Securities and Exchange Board of India Act, 1992 · Chapter VIA: Penalties and Adjudication
Section 15HB: Penalty for contravention where no separate penalty has been provided
Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be [liable to a penalty which shall not be less one lakh rupees but which may extend to one crore rupees].]]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 14 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.