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      Question

      As per Regulation 8 of SEBI (Prohibition of Fraudulent

      and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, what is the duty of every person in an investigation ordered under regulation 5? 
      A To refuse cooperation with the Investigating Authority Correct Answer Incorrect Answer
      B To comply with the Investigating Authority's requests for information and documents Correct Answer Incorrect Answer
      C To disclose confidential information unrelated to the investigation Correct Answer Incorrect Answer
      D To request an extension of the investigation period Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      A32. b) To comply with the Investigating Authority's requests for information and documents As per Reg 8- .(1)It shall be the duty of every person in respect of whom an investigation has been ordered 38[under regulation 5]—(a) to produce to the Investigating Authority or  any person authorized by him such books, accounts and other documents and record in his custody or control and to furnish such statements and information as the Investigating Authority or the person so authorized by him may reasonably require for the purposes of the investigation.

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