Question
If any person, who is registered with the Board as a
collective investment scheme, including mutual funds, for sponsoring or carrying on any investment scheme, fails to comply with the terms and conditions of certificate of registration, he shall be liable to a penaltySolution
Section 15D of SEBI Act. Â
This section specifically deals with "Penalty for certain defaults in case of mutual funds."  If a person registered with the Board as a collective investment scheme (including mutual funds) fails to  comply with  the terms and conditions of their certificate of registration: Â
- Minimum Penalty: ₹1 Lakh Â
- Daily Penalty: Up to ₹1 Lakh for each day the failure continues Â
- Maximum Penalty (Cap): ₹1 Crore Â
Direction: Identify the sentence in which the given phrasal verb is used CORRECTLY.
Bring up
A. The viral video of the skateboarder's in...
The express train unexpectedly called out the station near my office, so I was early today.
I. It is the most efficient method ever.
II. It is still highly inefficient, and this inefficiency inspires hope.
(a) Despite
One who studies words and languages
Direction: Identify the sentence in which the given phrasal verb is used CORRECTLY.
Bring About
A. The old computer can't bring about th...
Choose the correct word that can replace the given phrase.
a person who is excessively devoted to a particular religion or belief
Find the appropriate Phrasal verb.
The old man ________ without any trouble last night.
They all contributed to get Ajay a birthday present.
Directions: Sentences are given below with phrasal verbs highlighted in bold that may be grammatically or contextually wrong. Find the correct answer f...
That cannot be taken away