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(1) If on the application of an aggrieved party or a central securities depository, it appears to the Court that a person

(a) has committed an offence under this Act in relation to dealings in deposited securities;

(b) has contravened the central security depository rules;  or

(c) is about to do an act in relation to dealings in deposited securities that constitutes an offence under this Act or would be a contravention of the central securities depository rules the court may make an order;

(i) to restrain a person from acting or holding himself out as a depository agent,

(ii) to restrain a person from withdrawing or dealing with book-entry securities specified in the order,

(iii) compel a person to do or refrain from doing an act, and

(iv) that it considers necessary.

(2) Before making an order, the Court may direct that notice of the application should be

(a) served on the relevant parties, and

(b) published in a manner that is considered appropriate.

(3)A person, who fails to comply with an order made by the Court commits an offence and is liable on summary conviction to a fine of five hundred penalty units or to a term of imprisonment of not less than three years or to both.

(4)The Court may in addition to the penalty provided for charge a person for contempt of court, rescind, vary or discharge an order made by it or suspend the operation of the order.