Question

What is the penalty for fraudulent and unfair trade practices as per SEBI Act, 1992?

A Not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees
B Not less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher
C Not less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of insider trading, whichever is higher
D As per discretion of Chief Justice of Bombay High Court
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