CS Executive · Capital Market and Securities Laws · Secondary Market in India
Which of the following persons is expressly named in Section 29 of the SCRA, 1956 as protected for good-faith action?
A member of the governing body of a recognised stock exchange is expressly protected. Section 29 also covers office bearers, servants and persons appointed under sub-section (1) of section 11, but it does not mention auditors, complainants or depository participants.
- AA member of the governing body of a recognised stock exchangeCorrect
- BA listed company's statutory auditor
- CAn investor who lodged a complaint with the exchange
- DA depository participant of a registered depository
Explanation
Section 29 names the governing body, any member, office bearer or servant of a recognised stock exchange, and persons appointed under sub-section (1) of section 11. Auditors, complainants and depository participants are not mentioned in it.
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