Economics · Indian Economy
According to the SEBI (Amendment) Act, 2002, what is the maximum penalty that SEBI can impose for 'insider trading'?
- 110 crore rupees or three times the profit made, whichever is higher
- 225 crore rupees or three times the profit made, whichever is higher✓
- 350 crore rupees or three times the profit made, whichever is higher
- 4100 crore rupees or three times the profit made, whichever is higher
Correct answer
25 crore rupees or three times the profit made, whichever is higher
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