GENERAL KNOWLEDGE

GK

INDIAN POLITICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SEBI is a
A
constitution body
B
advisory body
C
statutory body
D
non-statutory body
Explanation: 

Detailed explanation-1: -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. The Ordinance was replaced by an Act of Parliament on April 4, 1992.

Detailed explanation-2: -Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament.

Detailed explanation-3: -It is a statutory regulatory body that was established by the Government of India in 1992 for protecting the interests of investors investing in securities along with regulating the securities market. SEBI also regulates how the stock market and mutual funds function.

Detailed explanation-4: -Being a regulatory body, SEBI India has several powers to perform vital functions. The SEBI Act of 1992 carries a list of such powers vested in the regulatory body. The functions of SEBI make it an issuer of securities, protector of investors and traders and a financial mediator.

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