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    Question

    The liability of legal representative in case of

    penalty payable under SEBI Act shall be
    A Indefinite Correct Answer Incorrect Answer
    B To the same extent as the deceased Correct Answer Incorrect Answer
    C To the same extent as the deceased even if imposed after the death of deceased person Correct Answer Incorrect Answer
    D To the same extent as the deceased only if imposed before the death of deceased person Correct Answer Incorrect Answer
    E Legal representative is not liable for paying the penalty Correct Answer Incorrect Answer

    Solution

    Section 28B of SEBI Act- Continuance of proceedings

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