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Section19FA
The Depositories Act, 1996

Penalty for conduct business in a fair manner

In force From 20 Sep 1995 Act 22 of 1996 As on 17 Oct 2026

Act 22 of 1996 Ministry Finance Enacted 10 Aug 1996 In force 20 Sep 1995 Cited by 1 provision

Section 19FA of the Depositories Act, 1996 deals with penalty for conduct business in a fair manner. Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner in accordance with the rules, regulations made by the Board or directions issued by the Board under this Act, it shall be liable to The Act came into force on 20 Sep 1995.

1 [19FA. Penalty for failure to conduct business in a fair manner.--Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner in accordance with the rules, regulations made by the Board or directions issued by the Board under this Act, it shall be liable to penalty which shall not be less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher.]

Section 19FA, The Depositories Act, 1996 (Act 22 of 1996).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

Referred to by 1

  1. s. 19 Power of Board to give directions in certain cases

Questions about Section 19FA

What does Section 19FA of the Depositories Act deal with?

Section 19FA of the Depositories Act is headed "Penalty for conduct business in a fair manner". [19FA. Penalty for failure to conduct business in a fair manner.--Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner in accordance with the rules, regulations made by the Board or dir

How do I find court cases under Section 19FA of the Depositories Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Depositories Act 1996 19FA, section 19FA Depositories Act 1996, section 19FA of the Depositories Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 19FA of the Depositories Act, and has it changed?

1 other provision in this corpus refers back to it.

When did Section 19FA of the Depositories Act come into force?

Section 19FA of the Depositories Act, cited as Depositories Act 1996 19FA, came into force on 20 Sep 1995, having been enacted on 10 Aug 1996. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 17 Oct 2026. This page is not a substitute for legal advice.