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TypeBare Act JurisdictionCentral Government

Securities Laws (Amendment) Act, 2004 Section 18

Substitution of New Section for Section 20

~1 min read
https://sooperkanoon.com/act/30335

Bare act section · Research

About this section

Securities Laws (Amendment) Act, 2004 Section 18 is part of Securities Laws (Amendment) Act, 2004 - Substitution of New Section for Section 20. Read the section text below and explore Indian court judgments that cite it.

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Section Text

For Section 20 of the principal Act, the following Section shall be substituted, namely:-

"20. Offences.-- (1) Without prejudice to any award of penalty by the adjudicating officer under this Act, if any person contravenes or attempts to contravene or abets the contravention of the provisions of this Act or of any rules or regulations or bye-laws made thereunder, he shall be punishable with imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty-five crore rupees, or with both.

(2) If any person fails to pay the penalty imposed by the adjudicating officer or fails to comply with any of his directions or orders, he shall be punishable with imprisonment for a term which shall not be less than one month but which may extend to ten years, or with fine, which may extend to twenty-five crore rupees, or with both.".

Frequently asked questions

What does Securities Laws (Amendment) Act, 2004 Section 18 provide?

Section Section 18 of the Securities Laws (Amendment) Act, 2004 (Substitution of New Section for Section 20) is reproduced on this page as part of the Securities Laws (Amendment) Act, 2004. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Securities Laws (Amendment) Act, 2004 Section 18?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Securities Laws (Amendment) Act, 2004 Section 18. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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