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CS Executive · Capital Market and Securities Laws · Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market

Section 15HA of the SEBI Act, 1992 applies to a person who indulges in which of the following?

Section 15HA of the SEBI Act, 1992 applies to a person who indulges in fraudulent and unfair trade practices relating to securities. It prescribes a penalty of at least five lakh rupees, extending to twenty-five crore rupees or three times the profits, whichever is higher.

  1. AFraudulent and unfair trade practices relating to securitiesCorrect
  2. BDelay in filing annual returns with the Registrar
  3. CNon-payment of stamp duty on share transfer
  4. DFailure to hold an annual general meeting

Explanation

The section is headed 'Penalty for fraudulent and unfair trade practices' and applies where a person indulges in such practices relating to securities. The other options concern company law or stamp matters, not this provision.

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