Questions and Answers
What was the role of the Securities Exchange Board of India (SEBI) prior to liberalization?
Regulating transactions in securities through control over stock exchanges
Which Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization?
The Capital Issues (Control) Act
What was the impact of the repeal of the Capital Issues (Control) Act in May 1992?
Allowed market to allocate resources to competing uses
What did the Securities Contracts (Regulation) Act do prior to liberalization?
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What were the key objectives of the Securities Exchange Board of India (SEBI) prior to liberalization?
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What was the primary objective of SEBI?
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What was the impact of the government’s control over issue of capital ceasing after liberalization?
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When was SEBI established as a statutory body?
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What does SEBI stand for?
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What did the SEBI Act, 1992 empower SEBI to do?
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What was the regulatory authority before SEBI came into existence?
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Where is the head office of SEBI located?
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What additional statutory powers were given to SEBI in 1995?
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What can be inferred about the SEBI Act, 1992?
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'Promoting efficient services by brokers' is aimed at making them:
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'Perpetual succession' refers to:
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What was the impact of the repeal of the Capital Issues (Control) Act in May 1992?
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What was the role of the Securities Exchange Board of India (SEBI) prior to liberalization?
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What can be inferred about the SEBI Act, 1992?
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What were the key objectives of the Securities Exchange Board of India (SEBI) prior to liberalization?
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What additional statutory powers were given to SEBI in 1995?
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'Perpetual succession' refers to:
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Which of the following is NOT one of the primary objectives of SEBI?
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Before SEBI came into existence, who was the regulatory authority with derived authority from the Capital Issues (Control) Act, 1947?
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What was the additional statutory power given to SEBI by the Government of India in 1995?
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What does the term 'perpetual succession' refer to in the context of SEBI?
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Which Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization?
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What was the impact of repealing the Capital Issues (Control) Act in May 1992?
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Where is the head office of SEBI located?
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What was the role of SEBI prior to liberalization?
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Study Notes
SEBI Before Liberalization
- Prior to liberalization, SEBI's role was limited as the regulatory authority was the Controller of Capital Issues (CCI) who derived authority from the Capital Issues (Control) Act, 1947.
- The Capital Issues (Control) Act restricted the issuer’s access to the securities market and controlled the pricing of issues prior to liberalization.
SEBI's Objectives and Powers
- The key objectives of SEBI prior to liberalization were to regulate and control the securities market, and to protect the interests of investors.
- The primary objective of SEBI was to regulate and control the securities market.
- The SEBI Act, 1992 empowered SEBI to regulate the securities market.
- In 1995, SEBI was given additional statutory powers to regulate the securities market.
Impact of Repeal of Capital Issues (Control) Act
- The repeal of the Capital Issues (Control) Act in May 1992 led to the government's control over the issue of capital ceasing, allowing companies to raise capital freely.
SEBI Establishment and Location
- SEBI was established as a statutory body in 1992.
- The head office of SEBI is located in Mumbai.
Perpetual Succession
- The term 'perpetual succession' refers to the continuous existence of a company, unaffected by changes in its membership.
Brokers' Services
- 'Promoting efficient services by brokers' is aimed at making them more efficient and effective.
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Description
Test your knowledge about the Securities Exchange Board of India (SEBI) with this quiz based on the topics introduced by Dr. Arti Gadre. The quiz covers objectives, terms, establishment, powers and functions, accounts and audit, penalties, regulations, and more.
