Section 15B: Penalty for failure by any person to enter into agreement with clients

Q: What does Section 15B of The Securities and Exchange Board of India Act, 1992 (SEBI Act) deal with?

Section 15B SEBI Act pertains to "Penalty for failure by any person to enter into agreement with clients". It is part of the The Securities and Exchange Board of India Act, 1992, a legislation enacted by the Parliament of India. Section 15B of The Securities and Exchange Board of India Act, 1992 (SEBI Act) prescribes penalty for failure by any person to enter into agreement with clients. As verified on 19 May 2026.

Q: Is Section 15B SEBI Act still in force?

Yes, Section 15B of the The Securities and Exchange Board of India Act, 1992 is currently in force across the Republic of India.

Q: What is धारा 15B SEBI Act?

धारा 15B SEBI Act is the Devanagari Hindi reference for Section 15B of the The Securities and Exchange Board of India Act, 1992. Section 15B of The Securities and Exchange Board of India Act, 1992 (SEBI Act) prescribes penalty for failure by any person to enter into agreement with clients. As verified on 19 May 2026.

Q: What is Dhara 15B SEBI Act?

Dhara 15B SEBI Act is the Roman Hindi reference for Section 15B of the The Securities and Exchange Board of India Act, 1992. "Dhara" means "Section" in Hindi. Section 15B of The Securities and Exchange Board of India Act, 1992 (SEBI Act) prescribes penalty for failure by any person to enter into agreement with clients. As verified on 19 May 2026.

Q: How to cite Section 15B of The Securities and Exchange Board of India Act, 1992?

Cite as: "Section 15B, The Securities and Exchange Board of India Act, 1992 (SEBI Act)" in legal briefs. For academic writing, use the BlueBook format: The Securities and Exchange Board of India Act, 1992, 1992, § 15B (India).

Law on Tips Editorial Board

If any person, who is registered as an intermediary and is required under this Act or any rules or regulations made thereunder to enter into an agreement with his client, fails to enter into such agreement, he shall be liable to a penalty which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees.