alleryStart learning →Section 15B penalises a registered intermediary who fails to do what?
ASign a client agreement
BOpen a new branch
CHire a statutory auditor
DPay a yearly bonus
Answer & Solution
Correct answer: A. Sign a client agreement
Section 15B applies where a registered intermediary fails to enter into the agreement with his client as required.
Keep practising SEBI Act and Listing Regulations
Browse all SEBI Act and Listing Regulations questions for CA Final, or explore more Law topics.
Related questions
SEBI combines which three powers in one body?Which authority regulated the market before SEBI existed?SEBI was first set up in 1988 as what kind of body?Regulation 21(4) says the risk committee's role must specifically cover:The risk committee's quorum must include at least one:Maximum gap between two Risk Management Committee meetings is:The Risk Management Committee meets at least how often under Regulation 21(3A)?Risk Management Committee under Regulation 21(2) needs at least how many members?