SEBI Act, 1992 Bare Act

15J. FACTORS TO BE TAKEN INTO ACCOUNT BY THE ADJUDICATING OFFICER.

While adjudging quantum of penalty under section 15-I, the adjudicating officer shall have due regard to the following factors, namely :-

(a) the amount of disproportionate gain or unfair advantage, wherever quantifiable, made as a result of the default;

(b) the amount of loss caused to an investor or group of investors as a result of the default;

(c) the repetitive nature of the default.

SEBI Act, 1992 | Laws India

 
 
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