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

Under section 11A(1) of the SEBI Act, 1992, which power does SEBI have, for the protection of investors, regarding matters such as disclosure by companies that underlie transparency in governance?

Section 11A(1) of the SEBI Act lets SEBI, for investor protection, specify by regulations the matters relating to issue of capital, transfer of securities and incidental matters, and the manner of disclosure by companies. It does not give SEBI power to appoint directors.

  1. AIt may specify by regulations the matters relating to issue of capital and transfer of securities, and the manner in which companies disclose themCorrect
  2. BIt may appoint the directors of any listed company
  3. CIt may only recommend disclosure formats to the Central Government
  4. DIt may fix the head office of listed companies

Explanation

Section 11A(1)(a) lets SEBI specify by regulations matters relating to issue of capital, transfer of securities and incidental matters, and the manner in which companies disclose them. It does not empower SEBI to appoint directors or merely recommend formats.

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