SEBI (Securities Exchange Board of India) Overview

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Questions and Answers

What is the main function of Securities Exchange Board of India (SEBI)?

  • Overseeing corporate sector code of conduct
  • Administering the Capital Issues (Control) Act, 1947
  • Regulating the pricing of securities
  • Controlling the issue of capital (correct)

Which act was repealed in May 1992, leading to the cessation of government's control over issue of capital?

  • The Companies Act
  • The Stock Exchanges Regulation Act
  • The Securities Contracts (Regulation) Act
  • The Capital Issues (Control) Act, 1947 (correct)

What did the Capital Issues (Control) Act, 1956 do?

  • Restricted issuer’s access to the securities market
  • Regulated transactions in securities through control over stock exchanges
  • Administered the Companies Act
  • Controlled the pricing of issues (correct)

Which law regulated transactions in securities through control over stock exchanges prior to liberalization?

<p>The Securities Contracts (Regulation) Act (B)</p> Signup and view all the answers

What did the Companies Act regulate in relation to the corporate sector?

<p>Code of conduct for issue, allotment and transfer of securities (A)</p> Signup and view all the answers

What was the effect of the repeal of the Capital Issues (Control) Act, 1947?

<p>It ceased government's control over issue of capital (C)</p> Signup and view all the answers

What was the primary objective of SEBI?

<p>To protect the interests of investors and secure investor protection (A)</p> Signup and view all the answers

When did the SEBI Act, 1992 come into force?

<p>January 30, 1992 (C)</p> Signup and view all the answers

Before SEBI, which regulatory authority derived authority from the Capital Issues (Control) Act, 1947?

<p>Controller of Capital Issues (A)</p> Signup and view all the answers

What additional statutory powers were given to SEBI in the year 1995?

<p>Power to develop and regulate the stock market in India (B)</p> Signup and view all the answers

What does the term 'Chairman' mean as per the definitions provided?

<p>The head of the Board (D)</p> Signup and view all the answers

What is the meaning of 'securities' as per the definitions provided?

<p>Securities as per the Securities Contracts Regulation Act (A)</p> Signup and view all the answers

Where is the head office of the Securities and Exchange Board of India located?

<p>Bombay (A)</p> Signup and view all the answers

What does SEBI stand for?

<p>Securities and Exchange Board of India (B)</p> Signup and view all the answers

What is one purpose of SEBI Act, 1992?

<p>Protecting the interests of investors in securities (C)</p> Signup and view all the answers

What does 'Board' refer to as per the definitions provided?

<p>The Securities and Exchange Board of India established under Section 2(b) (C)</p> Signup and view all the answers

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