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

Under the SEBI Act, 1992, the Board's duty to register and regulate the working of depositories and participants is stated in which provision of Section 11(2)?

Clause (ba) of Section 11(2) covers registering and regulating depositories, participants, custodians of securities, foreign institutional investors and credit rating agencies. Clause (b) deals with brokers, registrars and merchant bankers, while clauses (c) and (d) deal with funds and self-regulatory organisations.

  1. AClause (b), together with stock brokers and registrars to an issue
  2. BClause (ba), together with custodians of securities, foreign institutional investors and credit rating agenciesCorrect
  3. CClause (c), together with venture capital funds and mutual funds
  4. DClause (d), together with self-regulatory organisations

Explanation

Section 11(2)(ba) empowers SEBI to register and regulate the working of depositories, participants, custodians of securities, foreign institutional investors, credit rating agencies and other notified intermediaries. Clause (b) covers brokers, registrars and similar intermediaries, but not depositories.

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