Question
What is the penalty for fraudulent and unfair trade
practices related to securities under Section 15HA of the SEBI Act?Solution
Section 15HA. Penalty for fraudulent and unfair trade practices.--If any person indulges in fraudulent and unfair trade practices relating to securities, he shall be liable to a penalty which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of such practices, whichever is higher.
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