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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 imposes a monetary penalty on a person who does which of the following?

Section 15HA penalises any person who indulges in fraudulent and unfair trade practices relating to securities. The penalty is at least five lakh rupees and may extend to twenty-five crore rupees or three times the profits made, whichever is higher.

  1. AIndulges in fraudulent and unfair trade practices relating to securitiesCorrect
  2. BFails to file an annual return with the Registrar
  3. CDelays the issue of share certificates by a company
  4. DRefuses to attend a general meeting as a director

Explanation

Section 15HA applies to any person who indulges in fraudulent and unfair trade practices relating to securities. The other options are matters of company law compliance, not penalised under this section.

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