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

    Question

    Who has the power to adjudicate as per section 19H of

    the Depositories Act?
    A SEBI Correct Answer Incorrect Answer
    B Controlling officer Correct Answer Incorrect Answer
    C Adjudicating officer Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E Securities Appellate Tribunal Correct Answer Incorrect Answer

    Solution

    Section 19H. Power to adjudicate: (2) While holding an inquiry, the adjudicating officer shall have power to summon and enforce the attendance of any person acquainted with the facts and circumstances of the case to give evidence or to produce any document, which in the opinion of the adjudicating officer, may be useful for or relevant to the subject-matter of the inquiry and if, on such inquiry, he is satisfied that the person has failed to comply with the provisions of any of the sections specified in sub-section (1), he may impose such penalty as he thinks fit in accordance with the provisions of any of those sections.

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