Question

According to the SEBI Act all sums realized by way of penalties can be utilized as____________

A Meetings and other expenses of Board Correct Answer Incorrect Answer
B Credited to Consolidated Fund of India Correct Answer Incorrect Answer
C Pay monthly salary of employees of Board Correct Answer Incorrect Answer
D Bonus of Chairperson and Whole-time Members of Board Correct Answer Incorrect Answer

Solution

Section 15JA directs funds to be credited to Consolidated Fund of India.

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