In force · As amended up to 2026-08
45. Residuary penalty. -Whoever contravenes any[4] [rules, regulations, directions or orders] made under this Act, for the contravention of which no penalty has been separately provided, shall be liable to pay a[5] [penalty not exceeding one lakh rupees, in addition to compensation to the person affected by such contravention not exceeding—
(a) ten lakh rupees, by an intermediary, company or body corporate; or
- (b) one lakh rupees, by any other person.]
Source: India Code