Question

What is the penalty for a person who fails to enter into an agreement with a client as required under the Act or bye-laws of a recognized stock exchange?

A A fine of one lakh rupees for the entire duration of the failure
B A penalty of one lakh rupees per day of failure, up to a maximum of fifty lakh rupees
C A penalty of one lakh rupees per day of failure, up to a maximum of one crore rupees
D A fine of ten lakh rupees for every such failure
E A penalty of fifty thousand rupees per day, with no maximum limit
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