If a company or any person managing collective investment scheme or mutual fund 1[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 2[liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five
crore rupees].
1. Ins. by Act 13 of 2018, s. 150 (w.e.f. 8-3-2019).
2. Subs. by Act 27 of 2014, s. 29, for "liable to a penalty not exceeding twenty-five crore rupees" (w.e.f. 8-9-2014).