New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What action can the Board take if it finds that a person

    has violated or is likely to violate any provisions of the SEBI Act, or any rules or regulations made thereunder?
    A The Board may impose a monetary penalty without further investigation Correct Answer Incorrect Answer
    B The Board may suspend the person's operations permanently Correct Answer Incorrect Answer
    C The Board may pass an order requiring the person to cease and desist from committing or causing the violation Correct Answer Incorrect Answer
    D The Board must refer the matter to a higher authority for further action Correct Answer Incorrect Answer
    E The Board can only issue a warning without taking further action Correct Answer Incorrect Answer

    Solution

    Section 11D. Cease and desist proceedings.—If the Board finds, after causing an inquiry to be made, that any person has violated, or is likely to violate, any provisions of this Act, or any rules or regulations made thereunder, it may pass an order requiring such person to cease and desist from committing or causing such violation.

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