Skip to content

CA Foundation · Business Laws · Indian Regulatory Framework

Asha, a Mumbai trader, wants to check which authority functions as the regulator of the securities market, and which one maintains the register of companies and incorporation records. Which pairing is correct?

SEBI regulates the securities market, while the Registrar of Companies, functioning under the Ministry of Corporate Affairs, registers companies and maintains their incorporation records. RBI, IRDAI and CCI have different domains: banking, insurance and competition respectively, so pairings involving them are incorrect.

  1. ASEBI regulates the securities market; the Registrar of Companies maintains company incorporation recordsCorrect
  2. BRBI regulates the securities market; the Registrar of Companies maintains company incorporation records
  3. CSEBI regulates the securities market; IRDAI maintains company incorporation records
  4. DCCI regulates the securities market; SEBI maintains company incorporation records

Explanation

SEBI is the statutory regulator of the securities market, protecting investors and regulating intermediaries. The Registrar of Companies, working under the Ministry of Corporate Affairs, registers companies and keeps their records. RBI regulates banking and money, IRDAI insurance, and CCI competition, so the other pairings misassign roles.

Did you get it right without looking?

One question tells you little. A timed set on Indian Regulatory Framework shows your real accuracy, how long you take and where you lose marks.

Practise Indian Regulatory FrameworkFree diagnostic mock

More Indian Regulatory Framework questions