As per Section 24A of SEBI Act, compounding of offence

Q: Answer-As per Section 24A of SEBI Act, compounding of offence by Securities Appellate Tribunal can be done

Section 24A of SEBI Act Composition of certain offencesNotwithstanding anything contained in the Code of Criminal Procedure, 1973 2 of 1974, any offence punishable under this Act, not being an offence punishable with imprisonment only, or with imprisonment and also with fine, may either before or after the institution of any proceeding, be compounded by a Securities Appellate Tribunal or a court before which such proceedings are pending.

by Securities Appellate Tribunal can be done

A If offence is not punishable Correct Answer Incorrect Answer

B If offence is punishable with fine only Correct Answer Incorrect Answer

C If offence is punishable with imprisonment only Correct Answer Incorrect Answer

D If offence is punishable with imprisonment and also with fine Correct Answer Incorrect Answer

Solution

Section 24A of SEBI Act Composition of certain offences—Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), any offence punishable under this Act, not being an offence punishable with imprisonment only, or with imprisonment and also with fine, may either before or after the institution of any proceeding, be compounded by a Securities Appellate Tribunal or a court before which such proceedings are pending.

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Relevant for Exams:

CBI APP and PP

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