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saasassa

· started a discussion

· 1 Months ago

wrong answer (Question:904718.0)

SEBI has no power under negotiable instruments act 1881

Question:

On which one of the following issues can SEBI penalize any company in India?


(A) Violation of Banking Regulation Act.


(B) Violation of foreign portfolio investment guidelines.


(C) For violation of Negotiable Instrument Act.

Options:
A)

Only (A) 

B)

All (A), (B) & (C) 

C)

Only (A) & (B) 

D)

Only (B) & (C).

E)

Only (B)

Solution:

Ans: (e)

The Securities and Exchange Board of India is the regulatory body for dealing with all matters related to the development and regulation of securities market in India. It was established on 12th of April in 1988. It is headquartered in Mumbai. SEBI was declared a constitutional body in 1992. At present, Ajay Tyagi is the Chairperson of SEBI.

Knowledge Expert

· commented

· 1 Months ago

Dear student
We have fixed the ambiguity of the question. Correct answer is option (e).

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