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CS Executive · Capital Market and Securities Laws · Listing Obligations and Disclosure Requirements

SEBI wants to set the manner in which listed companies must disclose matters relating to issue of capital and transfer of securities. Which provision of the SEBI Act, 1992 empowers it to specify such matters and the manner of their disclosure by regulations?

Section 11A(1)(a) of the SEBI Act, 1992 empowers SEBI to specify by regulations the matters relating to issue of capital and transfer of securities and the manner in which companies disclose them. Clause (b) covers orders on offer documents, and sub-section (2) covers listing requirements.

  1. ASection 11A(1)(a)Correct
  2. BSection 11A(1)(b)
  3. CSection 15D(c)
  4. DSection 11A(2)

Explanation

Section 11A(1)(a) lets SEBI specify by regulations the matters relating to issue of capital, transfer of securities and incidental matters, and the manner in which companies disclose them. Clause (b) deals with general or special orders on prospectuses and advertisements. Section 11A(2) deals with listing and transfer requirements, not the disclosure manner.

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