Law · Securities Contracts (Regulation) Act, 1956
Under Section 23F of the Securities Contracts (Regulation) Act, 1956, excess dematerialisation or delivery of unlisted securities is penalised with:
- 1Only suspension of trading
- 2Rs 10 lakh to Rs 50 crore
- 3Rs 5 lakh to Rs 25 crore✓
- 4Rs 1 lakh to Rs 1 crore
Correct answer
Rs 5 lakh to Rs 25 crore
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