Question
What is the penalty for fraudulent and unfair trade practices as per SEBI Act, 1992?
Solution
As per Section 15HA of SEBI Act, penalty for fraudulent and unfair trade practices not be less than five lakh rupees but which may extend toĀ twenty-fiveĀ croreĀ rupeesĀ orĀ threeĀ timesĀ theĀ amountĀ ofĀ profitsĀ madeĀ outĀ ofĀ such practices, whichever is higher.
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