Business Studies · Depositories Act 1996
Under the Depositories Act, 1996, the Central Government may grant immunity from prosecution or penalty. This immunity can be withdrawn if:
- 1SEBI requests its withdrawal without any reason
- 2The contravention is found to be minor
- 3The person gives false evidence or fails to comply with the conditions of immunity✓
- 4The person changes their employer or organization
Correct answer
The person gives false evidence or fails to comply with the conditions of immunity
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