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    Question

    The Fund of the SEBI shall be applied

    for
    A The salaries, allowances and other remuneration of the members, officers and other employees of the Board Correct Answer Incorrect Answer
    B The expenses of the Board in the discharge of its functions under section 11 Correct Answer Incorrect Answer
    C The salaries, allowances and other remuneration of the members, officers and other employees of listed companies Correct Answer Incorrect Answer
    D Both a and b Correct Answer Incorrect Answer

    Solution

    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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