Section 20 Depositories Act, 1996

 

Section 20 Depositories Act, 1996: 


Offences.—

(1) Without prejudice to any award of penalty by the adjudicating officer under this Act, if any person contravenes or attempts to contravene or abets the contravention of the provisions of this Act or of any rules or regulations or bye­-laws made thereunder, he shall be punishable with imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty‑five crore rupees, or with both.

(2) If any person fails to pay the penalty imposed by the adjudicating officer or fails to comply with any of his directions or orders, he shall be punishable with imprisonment for a term which shall not be less than one month but which may extend to ten years, or with fine, which may extend to twenty‑five crore rupees, or with both.


Supreme Court of India Important Judgments And Leading Case Law Related to Section 20 Depositories Act, 1996:  

M/S Adie Broswon Breweries Pvt Ltd vs M/S Kla Contruction Technologies on 22 February, 2019

Jry Investments Private Limited vs Deccan Leafine Services Ltd. And on 11 March, 2003

Sunil Grover vs State on 19 October, 2015

Stci Finance Ltd vs Cedar Infonet Pvt Ltd & Ors on 8 May, 2018

Ajay Kumar Gupta And Ors vs The State Of Bihar, Through The on 9 January, 2020


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