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    Question

    What penalty and ban duration did SEBI impose on First

    Overseas Capital for regulatory violations?
    A ₹10 lakh fine, 1-year ban Correct Answer Incorrect Answer
    B ₹20 lakh fine, 2-year ban Correct Answer Incorrect Answer
    C ₹15 lakh fine, 3-year ban Correct Answer Incorrect Answer
    D ₹25 lakh fine, 2-year ban Correct Answer Incorrect Answer
    E ₹20 lakh fine, 1-year ban Correct Answer Incorrect Answer

    Solution

    SEBI barred First Overseas Capital from the securities market for two years and imposed a ₹20 lakh fine. The penalties stemmed from underwriting violations, false disclosures, and unregulated activities like property development.

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