Question

Under Section 12A of the Securities Contracts (Regulation) Act (SCR

  • A , 1956, if the Board (SEB
  • I is satisfied that it is necessary in the interest of investors or the securities market, it has the power to:
A Approve the bye-laws of a non-recognized stock exchange.
B Issue directions to any person or class of persons associated with the securities market.
C Increase the number of partners in a stockbroking firm to 100.
D Summarily arrest any member of a stock exchange for technical defaults.
E Compulsorily merge two private limited companies.
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