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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. Crediting sums realised by way of penalties to Consolidated Fund of India—All sums realised by way of penalties under this Act shall be credited to the Consolidated Fund of India.

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