1[Penalty for fraudulent and unfair trade practices.
15HA.If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty2[which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher].
1. Inserted by the SEBI (Amendment) Act, 2002, w.e.f.29-10-2002.
2. Substituted for the words "twenty-five crore rupees or three times the amount of profits made out of such failure, whichever is higher" by the Securities Laws (Amendment) Act, 2014, w.e.f. 08-09-2014.