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CS Executive · Capital Market and Securities Laws · Securities Market Intermediaries

Under Section 12 of the SEBI Act, 1992, which of the following intermediaries is covered by sub-section (1A), which deals with depositories, participants, custodians, foreign institutional investors and credit rating agencies, rather than by sub-section (1)?

A credit rating agency falls under Section 12(1A) of the SEBI Act. That sub-section covers depositories, participants, custodians, foreign institutional investors and credit rating agencies. Merchant bankers, registrars to an issue and portfolio managers are listed in Section 12(1).

  1. ACredit rating agencyCorrect
  2. BMerchant banker
  3. CRegistrar to an issue
  4. DPortfolio manager

Explanation

Section 12(1A) names depository, participant, custodian of securities, foreign institutional investor and credit rating agency. Merchant banker, registrar to an issue and portfolio manager are listed in Section 12(1).

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