Question

What is the penalty for fraudulent and unfair trade

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

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 to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher.

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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What is the penalty for fraudulent and unfair trade

Solution