45Residuary penalty.
Section 45 · Chapter IX · page 20 of the Act
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.]
4 Subs. by Act 18 of 2023, s. 2 and Schedule, for “rules or regulations” (w.e.f. 30-11-2023).
5 Subs. by Act 18 of 2023, s. 2 and Schedule, for certain words (w.e.f. 30-11-2023).