In force · As amended up to 2026-08
23E. Penalty for failure to comply with listing conditions or delisting conditions or grounds. —If a company or any person managing collective investment scheme or mutual fund[4] [or real estate investment trust or infrastructure investment trust or alternative investment fund], fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall be[5] [liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees].
Source: India Code