1[If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty 2[which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher].
Footnotes in the official text
- 1.Ins. by Act 59 of 2002, s. 17 (w.e.f. 29-10-2002).
- 2.Subs. by Act 27 of 2014, s. 14, for certain words (w.e.f. 8-9-2014).