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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