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Home Bare Acts Phrase: failureSECURITIES AND EXCHANGE BOARD OF INDIA (AMENDMENT) ACT, 2002 Section 12
Title: Penalty for failure to redress investors' grievances
State: Central
Year: 2002
In section 15D of the principal Act,-- (i) in clause (a), for the words "a penalty not exceeding ten thousand rupees for each day during which he carries on any such collective investment scheme including mutual funds, or ten lakh rupees, whichever is higher", the words "a penalty of one lakh rupees for each day during which he sponsors or carries on any such collective investment scheme including mutual funds, or one crore rupees, whichever is less" shall be substituted; (ii) in clause (b), for the words "a penalty not exceeding ten thousand rupees for each day during which such failure continues or ten lakh rupees, whichever is higher", the words "a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less" shall be substituted; (iii) in clause (c), for the words "a penalty not exceeding five thousand rupees for each day during which such failure continues or five lakh rupees, whichever is higher", the words "a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less" shall be substituted; (iv) in clause (d), for the words "a penalty not exceeding one.....
View Complete Act List Judgments citing this sectionWater (Prevention and Control of Pollution) Act, 1974 Section 41
Title: Failure to Comply with Directions Under Sub-section (2) or Sub-section (3) of Section 20, or Orders Issued Under Clause (C) of Sub-section (1) of Section 32 or Directions Issued Under Sub-section (2) of Section 33 or Section 33a
State: Central
Year: 1974
.....or sub-section (3) of section 20, or orders issued under clause (c) of sub-section (1) of section 32 or directions issued under sub-section (2) of section 33 or section 33A (1) Whoever fails to comply with the direction given under sub-section (2) or sub-section (3) of section 20 within such time as may be specified in the direction shall, on conviction, be punishable with imprisonment for a term which may extend to three months or with fine which may extend to ten thousand rupees or with both and in case the failure continues, with an additional fine which may extend to five thousand rupees for every day during which such failure continues after the conviction for the first such failure. (2) Whoever fails to comply with any order issued under clause (c) of sub-section (1) of section 32 or any direction issued by a court under sub-section (2) of section 33 or any direction issued under section 33A shall, in respect of each such failure and on conviction, be punishable with imprisonment for a term which shall not be less than one year and six months but which may extend to six years and with fine, and in case the failure continues, with an additional fine which may extend to.....
View Complete Act List Judgments citing this sectionNational Green Tribunal Act, 2010 Section 26
Title: Penalty for Failure to Comply with Orders of Tribunal
State: Central
Year: 2010
(1) Whoever, fails to comply with any order or award or decision of the Tribunal under this Act, he shall be punishable with imprisonment for a term which may extend to three years, or with fine which may extend to ten crore rupees, or with both and in case the failure or contravention continues, with additional fine which may extend to twenty-five thousand rupees for every day during which such failure or contravention continues after conviction for the first such failure or contravention: Provided that in case a company fails to comply with any order or award or a decision of the Tribunal under this Act, such company shall be punishable with fine which may extend to twenty-five crore rupees, and in case the failure or contravention continues, with additional fine which may extend to one lakh rupees for every day during which such failure or contravention continues after conviction for the first such failure or contravention. (2) Notwithstanding anything contained in the Code of Criminal Procedure, 1973(2 of 1974), every offence under this Act shall be deemed to be non-cognizable within the meaning of the said Code.
View Complete Act List Judgments citing this sectionGift-tax Act, 1958 [Cease to Have Effect on or After the 01.10.1998] Section 17A
Title: Penalty for Failure to Answer Questions, Sign Statements, Furnish Information, Allow Inspection, Etc
State: Central
Year: 1958
.....course of any proceedings under this Act, which a gift-tax authority may legally require him to sign; or (c) to whom a summons is issued under sub-section (1) of section 36, either to attend to give evidence or produce books of account or other documents at a certain place and time, omits to attend or produce the books of account or documents at the place and time, he shall pay, by way of penalty, a sum which shall not be less than five hundred rupees but which may extend to ten thousand for each such default or failure: Provided that no penalty shall be impossable under clause (c) if the person proves that there was reasonable cause for the said failure. (2) If a person fails to furnish in due time any statement or information which such person is bound to furnish to the Assessing Officer under section 37, he shall pay, by way of penalty, a sum which shall not be less than one hundred rupees but which may extend to two hundred rupees for every day during which the failure continues: Provided that no penalty shall be imposable under this sub-section if the person proves that there was reasonable cause for the said failure. (3) Any penalty impossable under sub-section.....
View Complete Act List Judgments citing this sectionAir (Prevention and Control of Pollution) Act, 1981 Section 37
Title: Failure to Comply with the Provisions of Section 21 or Section 22 or with the Directions Issued Under Section 31a
State: Central
Year: 1981
1[37. Failure to comply with the provisions of section 21 or section 22 or with the directions issued under section 31A (1) Whoever fails to comply with the provisions of section 21 or section 22 or directions issued under section 31A, shall, in respect of each such failure, be punishable with imprisonment for a term which shall not be less than one year and six months but which may extend to six years and with fine, and in case the failure continues, with an a additional fine which may extend to five thousand rupees for every day during which such failure continues after the conviction for the first such failure. (2) If the failure referred to in sub-section (1) continues beyond a period of one year after the date of conviction, the offender shall be punishable with imprisonment for a term which may shall not be less than two years but which may extend to seven years and with fine.] ________________________ 1. Substituted by Act 47 of 1987, section 18, for section 37 (w.e.f. 1-4-1988).
View Complete Act List Judgments citing this sectionSecurities and Exchange Board of India Act, 1992 Section 15A
Title: Penalty for Failure to Furnish Information, Return,etc.
State: Central
Year: 1992
.....in the regulations, he shall be liable to 2 [a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less]; (c) to maintain books of account or records, fails to maintain the same, he shall be liable to 3 [a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less]. ______________________ 1. Substituted by Act 59 of 2002, section 9, for "a penalty not exceeding one lakh and fifty thousand rupees for each such failure" (w.r.e.f. 29-10-2002). 2. Substituted by Act 59 of 2002, section 9, for "a penalty not exceeding five thousand rupees for every day during which such failure continues" (w.r.e.f. 29-10-2002). 3. Substituted by Act 59 of 2002, section 9, for "a penalty not exceeding ten thousand rupees for every day during which the failure continues" (w.r.e.f. 29-10-2002).
View Complete Act List Judgments citing this sectionDepositories Act, 1996 (22 of 1996) Section 19A
Title: Penalty for Failure to Furnish Information, Return, Etc.
State: Central
Year: 1996
1[19A. Penalty for failure to furnish information, return, etc. Any person, who is required under this Act or any rules or regulations or bye-laws made thereunder, - (a) to furnish any information, document, books, returns or report to the Board, fails to furnish the same within the time specified therefor, he shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less for each such failure; (b) to file any return or furnish any information, books or other documents within the time specified therefor in the regulations or the bye-laws, fails to file return or furnish the same within the time specified therefor, he shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less; (c) to maintain books of account or records, fails to maintain the same, he shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.] ______________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004
View Complete Act List Judgments citing this sectionWealth-tax Act, 1957 Section 18A
Title: Penalty for Failure to Answer Questions, Sign Statements, Furnish Information, Allow Inspections, Etc.
State: Central
Year: 1957
.....course of any proceedings underthis Act, which a wealth-tax authority may legally requirehim to sign; or (c)to whom a summons is issued under sub-section (1) of section 37 either to attend to give evidence or produce books ofaccount or other documents at a certain place and time, omits to attend orproduce the books of account or documents at the place and time,heshall pay, by way of penalty, a sum which shall not be less than five hundredrupees but which may extend to ten thousand rupees for each such default orfailure: Providedthat no penalty shall be imposable under clause (c) if the person proves thatthere was reasonable cause for the said failure. (2) If a person fails to furnish indue time any statement or information which such person is bound to furnish tothe Assessing Officer under section 38, he shall pay, by way of penalty, a sum which shall not beless than one hundred rupees but which may extend to two hundred rupees forevery day during which the failure continues: Providedthat no penalty shall be imposable under this sub-section if the person provesthat there was reasonable cause for the said failure. (3) Any penalty imposable undersub-section (1)or.....
View Complete Act List Judgments citing this sectionIndian Contract Act, 1872 Section 55
Title: Effect of Failure to Perform at a Fixed Time, in Contract in Which Time is Essential
State: Central
Year: 1872
.....voidable at the option of the promisee, if the intention of the parties was that time should be of the essence of the contract. Effect of such failure when time is not essential If it was not the intention of the parties that time should be of the essence of the contract, the contract does not become voidable by the failure to do such thing at or before the specified time; but the promisee is entitled to compensation from the promisor for any loss occasioned to him by such failure. Effect of acceptance of performance at time other than that agreed upon. - If, in case of a contract voidable on account of the promisor's failure to perform his promise at the time agreed, the promisee accepts performance of such promise at any time other than that agreed, the promisee cannot claim compensation for any loss occasioned by the non-performance of the promise at the time agreed, unless, at the time of such acceptance he gives notice to the promisor of his intention to do so.1 ______________________ 1. Cf. section 62 and 63, infra.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 272A
Title: Penalty for Failure to Answer Questions, Sign Statements, Furnish Information, Returns or Statements, Allow Inspections, Etc.
State: Central
Year: 1961
.....of any proceedings under this Act, which an income-tax authority may legally require him to sign ; or (c) to whom a summons is issued under sub-section (1) of section 131 either to attend to give evidence or produce books of account or other documents at a certain place and time omits to attend or produce books of account or documents at the place or time ; or (d) 1[***] he shall pay, by way of penalty, 2[a sum of ten thousand rupees] for each such default or failure. (2) If any person fails (a) to comply with a notice issued under sub-section (6) of section 94 ; or (b) to give the notice of discontinuance of his business or profession as required by sub-section (3) of section 176 ; or (c) to furnish in due time any of the returns, statements or particulars mentioned in section 133 or section 206 or section 206C or section 285B ; or (d) to allow inspection of any register referred to in section 134 or of any entry in such register or to allow copies of such register or of any entry therein to be taken ; or 3[(e) to furnish the return of income which he is required to furnish under sub-section (4A) or sub-section (4C) of section 139 or to furnish it within the.....
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