1

Mr. Ingenious, registered as an Intermediary, fails to enter into an agreement with his client and hence penalized by SEBI under the SEBI Act. Advise Mr. Ingenious as to what remedies are available to him against the order of SEBI.

  • A

    He may be given extension on basis of reasonable ground for not entering agreement with his client

  • B

    He shall be liable to a penalty for not entering into an agreement with his client which is required under this Act.

  • C

    He shall be liable for imprisonment for not entering into an agreement with his client which is required under this Act.

  • D

    Both (b) & (c)