Business Studies · Depositories Act 1996
Under the Depositories Act, 1996, any person who contravenes, attempts to contravene, or abets the contravention of the provisions of the Act, rules, or regulations may be punished with which of the following maximum terms of imprisonment and fine?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imprisonment up to 3 years; Fine up to Rs. 5 crore
- 2Imprisonment up to 10 years; Fine up to Rs. 25 crore✓
- 3Imprisonment up to 7 years; Fine up to Rs. 15 crore
- 4Imprisonment up to 5 years; Fine up to Rs. 10 crore
Correct answer
Imprisonment up to 10 years; Fine up to Rs. 25 crore
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