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English Release 23-August 2014
Date Month Year
  • President's Secretariat
  • President of India Condoles The Passing Away of U R Ananthamurthy
  • President calls upon IITs to play a pivotal role in developing newer cutting edge technologies
  • Prime Minister's Office
  • Prime Minister receives Tamil National Alliance delegation
  • Min of Defence
  • First Indigenously Built Stealth Anti-Submarine Warfare Ship- INS Kamorta- Commissioned
  • Ministry of Water Resources
  • Ghagra Continues to Flow in High Flood Situation

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Ministry of Finance06-December, 2012 19:02 IST
SEBI for Stronger Recovery Powers

The Securities and Exchange Board of India (SEBI) has proposed that the SEBI Act be amended to provide for effective mechanisms for recovery of monetary penalties imposed by SEBI in such manner as may be specified by regulations or if found expedient as per provisions of the Income Tax Act through a reference to the income tax authority on the lines of the provisions of Section 39 of the Competition Act, 2002.

As on 30th June, 2012, there are 1290 defaulters, and the total amount of penalty imposed on them is Rs. 112,25,98,000 (Rupees One Hundred Twelve Crore, Twenty Five Lakh Ninety Eight Thousand only).

This was stated by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.

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