Question

    According to the SEBI Act all sums realized by way of penalties can be utilized as____________

    A Meetings and other expenses of Board Correct Answer Incorrect Answer
    B Credited to Consolidated Fund of India Correct Answer Incorrect Answer
    C Pay monthly salary of employees of Board Correct Answer Incorrect Answer
    D 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