Question

    As per Section 24A of SEBI Act, compounding of offence

    by Securities Appellate Tribunal can be done
    A If offence is punishable with imprisonment only Correct Answer Incorrect Answer
    B If offence is punishable with imprisonment and also with fine Correct Answer Incorrect Answer
    C If offence is punishable with fine only Correct Answer Incorrect Answer
    D If offence is not punishable Correct Answer Incorrect Answer
    E If offence cannot be defined Correct Answer Incorrect Answer

    Solution

    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.

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