Question

According to the IFSCA Act all sums realised by way of

Q: Answer-According to the IFSCA Act all sums realised by way of penalties or fines under the IFSCA Act shall...

Section 13. Powers of Authority in relation to financial products, financial services and financial institutions. 6 All sums realised by way of penalties or fines under this Act shall be credited to the Consolidated Fund of India in Indian rupees.

penalties or fines under the IFSCA Act shall be credited to ___________

A A special account for legal expenses

B To the account of the affected parties

C The Consolidated Fund of India in Indian rupees

D A separate fund managed by the regulatory authority

E The Account of the government agency responsible for enforcing the Act

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According to the IFSCA Act all sums realised by way of

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