Question
The Fund of the SEBI shall be applied
forSolution
Section 14 (2) of SEBI Act, 1992 provides: The Fund shall be applied for meeting– a) the salaries, allowances and other remuneration of members, officers and other employees of the Board; b) the expenses of the Board in the discharge of its functions under section 11; c)  the expenses on objects and for purposes authorised by this Act.
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