Question

Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner, it shall be liable to penalty

A not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure
B not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher
C not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is lower
D not less than five crore rupees but which may extend to twenty crore rupees or three times the amount of gains made out of such failure, whichever is higher
E none of the above
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