Question
As per Section 24A of SEBI Act, compounding of offence
by Securities Appellate Tribunal can be doneSolution
Section 24A of SEBI Act 24A. Composition of certain offences.—Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), any offence punishable under this Act, not being an offence punishable with imprisonment only, or with imprisonment and also with fine, may either before or after the institution of any proceeding, be compounded by a Securities Appellate Tribunal or a court before which such proceedings are pending.
Under the SEBI Act any pooling of funds under any scheme or arrangement, which is not registered with the Board or is not covered under section 11AA (3)...
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