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    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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