Question

    According to the SEBI Act all sums realized by way of

    penalties can be ____________
    A Used to pay monthly salary of employees of Board Correct Answer Incorrect Answer
    B Used to bear meetings and other expenses of Board Correct Answer Incorrect Answer
    C Credited to Consolidated Fund of India Correct Answer Incorrect Answer
    D Used to pay bonus of Chairperson and Whole-time Members of Board Correct Answer Incorrect Answer

    Solution

    Section 15JA directs funds to be credited to Consolidated Fund of India.

    Practice Next