Question
Consider the following statements in relation to SEBI
guidelines? 1. “Defaulter” means an entity against whom recovery proceedings are initiated under section 28A of the SEBI Act, 1992 2. “Original Information” means information about the asset of a defaulter whose name is published on the SEBI website 3. “Reserve price” means the price fixed by a Recovery Officer below which the asset shall be sold; Which of the following statements is/are incorrect?Solution
Statement 3 is incorrect “Reserve price” means the price fixed by a Recovery Officer below which the asset shall not be sold.
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