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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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