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    Question

    What is the penalty for fraudulent and unfair trade

    practices related to securities under Section 15HA of the SEBI Act?
    A A penalty of up to five lakh rupees Correct Answer Incorrect Answer
    B A penalty of up to twenty-five crore rupees or three times the profits made, whichever is lower Correct Answer Incorrect Answer
    C A penalty of up to twenty-five crore rupees or three times the profits made, whichever is higher Correct Answer Incorrect Answer
    D A penalty of up to ten lakh rupees Correct Answer Incorrect Answer
    E A penalty of up to fifty crore rupees Correct Answer Incorrect Answer

    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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