Question
What are the possible penalties for a person who
contravenes, attempts to contravene, or abets the contravention of the provisions of the SEBI Act, or any rules or regulations made thereunder?Solution
Section 24. Offences.—(1) Without prejudice to any award of penalty by the adjudicating officer or the Board under this Act, if any person contravenes or attempts to contravene or abets the contravention of the provisions of this Act or of any rules or regulations made thereunder, he shall be punishable with imprisonment for a term which may extend to ten years, or with fine, which may extend to twenty-five crore rupees or with both.
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