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

A student preparing a note on the SEBI Act, 1992 writes about its territorial reach. As per Section 1, what is the extent of the Act?

The SEBI Act, 1992 extends to the whole of India under Section 1(2). It carries no territorial exclusion and no limitation linked to stock exchanges or overseas listings, so it applies throughout the country.

  1. AIt extends to the whole of IndiaCorrect
  2. BIt extends to India except Jammu and Kashmir
  3. CIt extends only to States having a recognised stock exchange
  4. DIt extends to India and to Indian companies listed abroad

Explanation

Section 1(2) states that the Act extends to the whole of India. The text carries no exclusion of any territory and no limit tied to stock exchanges or foreign listings, so the other options add conditions that the Act does not contain.

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