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      Question

      All sums realised by way of penalties under the SEBI Act

      shall be credited to the __________________
      A Consolidated Fund of India Correct Answer Incorrect Answer
      B Contingency Fund of India Correct Answer Incorrect Answer
      C Reserve Fund of India Correct Answer Incorrect Answer
      D Securities Appellate Fund Correct Answer Incorrect Answer
      E Either a or b Correct Answer Incorrect Answer

      Solution

      SEBI Act Section 15JA. Crediting sums realised by way of penalties to Consolidated Fund of India: 15JA. 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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