Skip to content

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

Rohan is asked where SEBI's head office is located under the SEBI Act, 1992, and whether SEBI may open offices elsewhere. Which statement matches the Act's text?

The Act places SEBI's head office at Bombay and allows the Board to establish offices at other places in India. It does not require any further approval or resolution for opening such offices, per Section 3(3) and (4).

  1. AHead office at Bombay; the Board may establish offices at other places in IndiaCorrect
  2. BHead office at New Delhi; no other offices are permitted
  3. CHead office at Bombay; offices elsewhere need a Parliamentary resolution each time
  4. DHead office at the place decided by the Chairman each year; branches only in metros

Explanation

Section 3(3) fixes the head office at Bombay and Section 3(4) lets the Board establish offices at other places in India. No Parliamentary resolution or annual Chairman decision is mentioned. Hence the first option is the only one that matches.

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