SEBI, a regulator of the securities market in India was established in the year 1988, but was empowered with statutory Powers in the form of Act in the year

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	1990
B	1991
C	1992
D	1993

Explanation:

Detailed explanation-1: -Establishment Of SEBI The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988 through a resolution of the Government of India.

Detailed explanation-2: -Quasi-executive powers: SEBI has the power to examine the Book of Accounts and other vital documents to identify or gather evidence against violations. If it finds one violating the regulations, the regulatory body has the power to impose rules, pass judgements and take legal actions against violators.

Detailed explanation-3: -SEBI was given statutory status and powers through an Ordinance promulgated on January 30, 1992. SEBI was established as a statutory body on February 21, 1992.

Detailed explanation-4: -Answer-B) 1992 The Provisions of the securities and exchange board of India act came into force on January 30, 1992.

There is 1 question to complete.