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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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