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    Question

    If a person registered as a stock broker fails to

    deliver any security, he is liable to a penalty of
    A Rs. 1 lakh Correct Answer Incorrect Answer
    B Rs. 10 lakhs Correct Answer Incorrect Answer
    C Upto Rs. 50,000 Correct Answer Incorrect Answer
    D Upto Rs. 10 lakhs Correct Answer Incorrect Answer

    Solution

    Rs. 1 lakh each day or one crore whichever is less as per s.15 F of the SEBI Act, 1992.  

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