Law · Securities Contracts (Regulation) Act, 1956
Under Section 23J of the Securities Contracts (Regulation) Act, 1956, which factors must be considered by SEBI or the Adjudicating Officer while determining the quantum of penalty?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The prevailing volatility of the stock market
- 2Only the age of the defaulting company
- 3Only the net financial loss caused to the stock exchange
- 4The amount of disproportionate gain, the amount of loss caused to investors, and the repetitive nature of the default✓
Correct answer
The amount of disproportionate gain, the amount of loss caused to investors, and the repetitive nature of the default
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