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    Question

    The show cause notice issued under SEBI (Procedure for Holding Inquiries and Imposing Penalties) 1995 should have a minimum time period of

    A 10 days Correct Answer Incorrect Answer
    B 14 days Correct Answer Incorrect Answer
    C 15 days Correct Answer Incorrect Answer
    D 21 days Correct Answer Incorrect Answer
    E 30 days Correct Answer Incorrect Answer

    Solution

    Rule 4 of SEBI (Procedure for Holding Inquiries and Imposing Penalties) 1995   In holding an inquiry for the purpose of adjudging under sections 15A, 15B, 15C, 15D, 15E,15EA, 15EB,15F, 15G , 15HA and 15HB whether any person has committed contraventions as specified in any these sections, the  Board  or  the  adjudicating  officer shall,  issue  a  notice   to  such  person requiring him to show cause within such period as may be specified in the notice ( being not less than fourteen days from the date of service thereof ) why an inquiry should not be held against him.

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