Whoever contravenes any 1[rules, regulations, directions or orders] made under this Act, for the contravention of which no penalty has been separately provided, shall be liable to pay a 2[penalty not exceeding one lakh rupees, in addition to compensation to the person affected by such contravention not exceeding--
(a) ten lakh rupees, by an intermediary, company or body corporate; or/be (b) one lakh rupees, by any other person.]
(a) ten lakh rupees, by an intermediary, company or body corporate; or/be (b) one lakh rupees, by any other person.]
Source footnotes
1. Subs. by ibid., s. 2 and Schedule, for "rules or regulations" (w.e.f. 30-11-2023).2. Subs. by ibid., s. 2 and Schedule, for certain words (w.e.f. 30-11-2023).
India Code, Government of India. Text fetched 10 Oct 2026. Source metadata reports last modification: 2020-04-06. Check the linked official text and subsequent notifications when applying a provision.