Question
Under Section 23 of the Securities Contracts
(Regulation) Act, 1956, any person who enters into any contract in contravention of the provisions of Section 13 (Contracts in notified areas illegal in certain cases) or Section 16 (Power to prohibit contracts in certain cases) shall, on conviction, be punishable with:Solution
This penalty is governed by Section 23(1) of the SCRA, 1956. 1. The Offence The section lists several contraventions that attract this specific punishment, including: • Entering into illegal contracts in notified areas (Section 13). • Entering into prohibited contracts (Section 16). • Owning or keeping a place for such illegal contracts. • Managing or assisting a body of persons (not being a recognized stock exchange) in the business of securities. 2. The Punishment (Section 23(1)) The Act states that any person convicted of these offences shall be punishable with: "Imprisonment for a term which may extend to ten years, or with fine, or with both."
In what scenario might Web-based password management be your best option
दर्पण में देखी गई घड़ी सवा तीन बजे का समय दिखाती है। घड़ी में...
David divides 78 by half and adds 11. What number he gets in the end?
Out of his monthly income of Rs. 30,000, Arjun spent (R - 5)% on rent, (R + 10)% on others and saved Rs. 6,000. Find R% of his monthly income.
A 360 ml solution consists of milk and water in the ratio 2:3. If ‘x’ ml of milk and the same amount of water is added, the new ratio of milk to wat...
- A trader purchases a product for Rs. 250 and earns a profit of 45%. Calculate the selling price of the product.
Select the option that is related to the third term in the same way as the second term is related to the first term.
Unusual : Frequent :: Righteous :?
अपराह्न 1 बजे से रात्रि 10 बजे तक चलते हुए एक घड़ी की घण्टे की �...
How is B related to Q?
- Ravi invested Rs. 25,000 for 2 years at a compound interest rate of 20% per annum, compounded annually. What will be the total amount he will get after 2 y...
