Question
If any person, who is registered as a stock broker under
this Act charges an amount of brokerage which is in excess of the brokerage specified in the regulations, he shall be liable to a penalty which shallSolution
 Based on Section 15F(c) of the Securities and Exchange Board of India (SEBI) Act, 1992, the correct penalty is:  not be less than one lakh rupees but which may extend to five times the amount of brokerage charged in excess of  the specified brokerage, whichever is higher  Legal Breakdown (Section 15F)  This section deals with "Penalty for default in case of stock brokers ." specifically regarding  the overcharging of brokerage fees. Â
- Minimum Penalty: ₹1 Lakh Â
- Maximum Penalty: 5 times the excess  brokerage charged (not the total brokerage). Â
- Condition: The penalty will be the higher  of the two amounts. Â
In the question, assuming the given statements to be true, find which of the following conclusion(s) among the two conclusions is/are true and then giv...
Statements: B < C ≤ D < A ≥ Y
Conclusion: I. A > B II. Y < C
...Statements: R % B, B & T, T @ E, E % G
Conclusions : I. T $ R II. R @ E III. B @ G
...Statements: I < W = T ≤ H = C ≤ Y, Y > N ≥ E
Conclusions:
I. Y ≥ W
II. H > E
III. N < T
In which of these expression ‘J > B’ is definitely True?
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
Statements: P % Q, Q & R, R $ S, S # Z
Conclusions:
I. P & R
II. R # Z
Which of the following expressions will be true if the given expression ′S > T ≥ U < V < W′ is definitely true?
Statements: M ≥ G > K = Y; A ≥ Z ≥ E > M = I
Conclusions:
I. A ≥ I
II. K < E
III. I > G
Statements: B > C, D > E, C = F, A ≥ F, D = A
Conclusion:
I. B ≥ E
II. E > B
