Is there any penalty in case of margin shortfall in new PMR?

Is there any penalty in case of margin shortfall in new PMR?

As the Broker have to report the margin collected from each client, as at EOD and peak margin collected during the day, in the following manner:

a) EOD margin obligation of the client shall be compared with the respective client margin available at EOD.

 AND

 b) Peak margin obligation of the client, across the snapshots, shall be compared with respective client peak margin available during the day.

Higher of the shortfall in collection of the margin obligations at (a) and (b) above, shall be considered for levying of penalty by Exchange.
·        Click here for SEBI Circular dated July 20, 2020

·        Click here for NSE Circular

·        Click here for FAQ issued by NSE on Peak Margin Collection & Reporting dated November 27, 2020