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    Question

    What is the penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board?

    A Not less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits, whichever is higher Correct Answer Incorrect Answer
    B Not less than one lakh rupees but which may extend to five times the amount of profits Correct Answer Incorrect Answer
    C Not less than one lakh rupees but which may extend to ten crore rupees or three times the amount of profits, whichever is higher Correct Answer Incorrect Answer
    D Not less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees Correct Answer Incorrect Answer

    Solution

    Section 15HAA of SEBI Act.

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