Skip to content

CS Executive · Capital Market and Securities Laws · Securities and Exchange Board of India

A student preparing a note on the SEBI Act, 1992 records its territorial reach. As per Section 1, the Act extends to:

The SEBI Act, 1992 extends to the whole of India, as stated in Section 1(2). There is no limit to particular States, exchange cities or the head office location, so the Act applies throughout the country.

  1. AThe whole of IndiaCorrect
  2. BOnly the States, excluding Union Territories
  3. COnly the places where stock exchanges are located
  4. DOnly Maharashtra and the metropolitan cities

Explanation

Section 1(2) provides that the Act extends to the whole of India. It is not restricted to States, to stock exchange locations or to the place of the head office. The other options add limits that the section does not contain.

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.

Practise Securities and Exchange Board of IndiaFree diagnostic mock

More Securities and Exchange Board of India questions