# The Securities and Exchange Board of India Act, 1992, Section 15C: Penalty for failure to redress investors‟ grievances

- Act: The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992)
- In force from: 1992-01-30
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/sebi-act/section/15C/

## Text

1[15C. Penalty for failure to redress investors’ grievances.—If any listed company or any person who is registered as an intermediary, after having been called upon by the Board in writing 2[including by by any means of electronic communication], to redress the grievances of investors, fails to redress such grievances within the time specified by the Board, such company or intermediary shall be liable to a penalty 3[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].]

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