New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per Reg 5 of SEBI (Prohibition of Fraudulent and

    Unfair Trade Practices Relating to Securities Market) Regulations, 2003, what is the specific provision in the Act that governs the manner in which the "Investigating Authority" should report the investigation findings to the Board?
    A Section 5 of the Act Correct Answer Incorrect Answer
    B Section 11C of the Act Correct Answer Incorrect Answer
    C Section 9 of the Act Correct Answer Incorrect Answer
    D Section 32 of the Act Correct Answer Incorrect Answer
    E Section 11 of the Act Correct Answer Incorrect Answer

    Solution

    As per Reg 5-  Where Board,the Chairman,the member or the Executive Director(hereinafter referred to as “appointing authority”) has reasonable ground to believe that— 9(a) the transactions in securities are being dealt within manner detrimental to the investors or the securities market in violation of these regulations;(b) anyintermediaryoranypersonassociatedwiththesecuritiesmarkethasviolatedany of the provisions of the Act or the rules or the regulations,it may,at anytime by order in writing,direct any 32[person] (hereinafter referred to as the “Investigating Authority”)specified in the order to investigate the affairs of such intermediary or persons associated with the securities market or any other person and to report the re on to the Board in the manner provided in section 11C of the Act

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