alleryStart learning →Under section 27(1), an officer escapes liability by proving:
ANo knowledge, due diligence
BHaving resigned last year
CHolding only a few shares
DLiving outside India
Answer & Solution
Correct answer: A. No knowledge, due diligence
The proviso excuses a person who proves the offence occurred without his knowledge or that he exercised all due diligence.
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?