CS Executive · Capital Market and Securities Laws · Securities and Exchange Board of India
A quiz asks about the 'existing Securities and Exchange Board' referred to in the SEBI Act, 1992. Per Section 2(c), it is the Board constituted under:
The existing Securities and Exchange Board was constituted under a Government of India Resolution in the Department of Economic Affairs dated 12th April, 1988, as defined in Section 2(c). It was not created by the Ordinance, the Act or the SCRA.
- AThe SEBI Ordinance, 1992
- BA notification under Section 3 of the Act
- CThe Securities Contracts (Regulation) Act, 1956
- DA Government of India Resolution dated 12th April, 1988Correct
Explanation
Section 2(c) defines the existing Board as the one constituted under the Government of India Resolution in the Department of Economic Affairs dated 12th April 1988. It was a pre-statutory body, and its assets and liabilities passed to the statutory Board under Section 10.
Did you get it right without looking?
One question tells you little. A timed set on Securities and Exchange Board of India shows your real accuracy, how long you take and where you lose marks.
More Securities and Exchange Board of India questions
- An action was taken under the SEBI Ordinance, 1992 before the SEBI Act, 1992 was enacted. After the Ordinance was repealed, what is the lega…
- Meera, a law trainee, is asked from which date the SEBI Act, 1992 is deemed to have come into force. Which answer matches Section 1?
- Ms. Rao was an employee of the existing Securities and Exchange Board immediately before the statutory Board was established. She did nothin…
- Meera, a company secretary trainee, reads that the Act came into force on 30 January 1992 although it was enacted later. Which Ordinance was…
- Before the SEBI Act, 1992 took effect, an 'existing Securities and Exchange Board' operated under a Government resolution. A supplier had a …
- Under Section 4 of the SEBI Act, 1992, which statement about the powers of the Chairman is correct?