SEBI act,1992

Minimum penalty of non disclosure of acquisition of shares and takeover?

As per 15H of SEBI Act, 1992, the person who fails to do such disclosures as prescribed shall be liable to a penalty which shall not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such failure, whichever is higher.

Answer given by Shubhamm Sir at 06-Feb-2023 04:42 PM