Question

Where a depository fails to conduct its business with its participants or any issuer or its agent or any person associated with the securities markets in a fair manner in accordance with the rules, it shall be liable to penalty

A Not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is higher.
B Not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure
C Not less than five crore rupees but which may extend to twenty-five crore rupees or three times the amount of gains made out of such failure, whichever is lower
D not less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees
E not less than one lakh rupees but which may extend to one crore rupees
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