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    Question

    All sums realized by way of penalties can be _______ as

    per SEBI Act
    A Pay monthly salary of employees of Board Correct Answer Incorrect Answer
    B Meetings and other expenses of Board Correct Answer Incorrect Answer
    C Credited to Consolidated Fund of India Correct Answer Incorrect Answer
    D Bonus of Chairperson and Whole-time Members of Board Correct Answer Incorrect Answer
    E A and B Only Correct Answer Incorrect Answer

    Solution

    Section 15JA directs funds to be credited to Consolidated Fund of India.ย Crediting sums realised by way of penalties to Consolidated Fund of Indiaโ€”All sums realised by way of penalties under this Act shall be credited to the Consolidated Fund of India.

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