Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts
Section 15EA of the Securities and Exchange Board of India Act, 1992 deals with penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts. Where any person fails to comply with the regulations made by the Board in respect of alternative investment funds, infrastructure investment trusts and real estate investment trusts or fails to comply with the directions issued by the Board, such person shall be liable to penalty which shall not be The Act came into force on 30 Jan 1992.
1[15EA. Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.-- Where any person fails to comply with the regulations made by the Board in respect of alternative investment funds, infrastructure investment trusts and real estate investment trusts or fails to comply with the directions issued by the Board, such person shall be liable to penalty 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 or three times the amount of gains made out of such failure, whichever is higher.]
Section 15EA, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 15EA
What does Section 15EA of the Securities and Exchange Board of India Act deal with?
Section 15EA of the Securities and Exchange Board of India Act is headed "Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts". [15EA. Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.-- Where any person fails to comply with the regulations made by the Board in respect of alternative investment funds, infrastructure investment trusts and real esta
How do I find court cases under Section 15EA of the Securities and Exchange Board of India 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: Sebi Act 15EA, section 15EA Sebi Act, section 15EA of the Securities and Exchange Board of India 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 15EA of the Securities and Exchange Board of India Act, and has it changed?
2 other provisions in this corpus refer back to it.
When did Section 15EA of the Securities and Exchange Board of India Act come into force?
Section 15EA of the Securities and Exchange Board of India Act, cited as Sebi Act 15EA, came into force on 30 Jan 1992, having been enacted on 04 Apr 1992. It is in force as at the date shown on this page.
Other sections of this Act
- 11. Functions of Board1315 words
- 11C. Investigation1145 words
- 12. Registration of stock-brokers, sub-brokers, share transfer agents, etc678 words
- 28A. Recovery of amounts629 words
- 15U. Procedure and powers of the Securities Appellate Tribunal494 words
- 15D. Penalty for certain defaults in case of mutual funds464 words
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.