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