Question

If a person registered as a stock broker fails to deliver any security, he is liable to a penalty of

A Rs. 1 lakh Correct Answer Incorrect Answer
B Rs. 10 lakhs Correct Answer Incorrect Answer
C Upto Rs. 50,000 Correct Answer Incorrect Answer
D Upto Rs. 10 lakhs Correct Answer Incorrect Answer

Solution

Rs. 1 lakh each day or one crore whichever is less as per s.15 F of the SEBI Act, 1992.  

Practice Next
×
×