Question
Consider the following statements about SEBI?
I. SEBI is the regulatory body for securities and commodity markets in India. II. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992. III. It comes under the ownership of the Ministry of Trade and Commerce. Which of the following statements is/are incorrect?Solution
Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity markets in India under the ownership of the Ministry of Finance. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
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