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Bare acts > Depositories Act, 1996 > Section 19I
 
  


 

*[19-I. Factors to be taken into account by adjudicating officer.-While adjudging the quantum of penalty under section 19H, the adjudicating officer shall have due regard to the following factors, namely:-

(a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default;

(b) the amount of loss caused to an investor or group of investors as a result of the default;

(c) the repetitive nature of the default. ]

*[Inserted by Securities Laws (Amendment) Act, 2004, section 17, Chapter III]

 

 

 

 

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