Question
What is the penalty for a person who fails to enter into
an agreement with a client as required under the Act or bye-laws of a recognized stock exchange?Solution
SCRA Section 23B. Penalty for failure by any person to enter into an agreement with clients.—If any person, who is required under this Act or any bye-laws of a recognised stock exchange made thereunder, to enter into an agreement with his client, fails to enter into such an agreement, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees for every such failure.
130 114 106 102 100 ?
3720 3842 ? 4092 4220 4350
...0Â Â Â Â Â Â 2 Â Â Â Â Â Â Â 6Â Â Â Â Â Â 12 Â Â Â Â Â Â 20Â Â Â Â Â Â Â ?
...17Â Â Â Â Â ? Â Â Â Â Â 2142 Â Â Â Â Â Â 12852 Â Â Â Â Â Â 64260Â Â Â Â Â Â 257040
...133    183    220    ?     263     273
...720    ?     240     180      144     120
...12 7 10 25 107 ?
...125 36 343 ? 729 100
...8   24    12    ?   18     54
10 59 ? 1169 3503 7001
...
