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Amendment of section 23J

Amendment of section 23J :

Section –  154. In section 23J of the principal Act,—

(i  )  for the marginal heading, the following marginal heading shall be substituted, namely:—

“Factors to be taken into account while adjudging quantum of penalty.”;

(ii)  for the word, figures and letter “section 23-I” the words, figures and letters “section 12A or section 23-I” shall be substituted.

(iii)  for the words “the adjudicating officer”, the words “the Securities and Exchange Board of India or the adjudicating officer” shall be substituted.