Under Section 23 of the Securities Contracts (Regulation) Act, 1956, offences like operating an unrecognised stock exchange or advertising illegal contracts are punishable with:

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Law · Securities Contracts (Regulation) Act, 1956

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Imprisonment up to 10 years, or fine up to ₹25 crore, or both

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Answer 1

Imprisonment up to 5 years or fine up to ₹10 crore

Answer 2

Imprisonment up to 10 years, or fine up to ₹25 crore, or both

Answer 3

Only a fine up to ₹1 crore

Answer 4

Imprisonment up to 3 years

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