Question

    Which of the following is not a function of SEBI as

    provided under SEBI Act 1992?
    A prohibiting insider trading in securities Correct Answer Incorrect Answer
    B calling for information from, undertaking inspection, conducting inquiries and audits of the stock exchanges, mutual funds Correct Answer Incorrect Answer
    C inspection of any book, or register, or other document or record of any listed public company Correct Answer Incorrect Answer
    D While trying a suit, summoning and enforcing the attendance of persons and examining them on oath Correct Answer Incorrect Answer
    E attach, for a period not exceeding sixty days, bank accounts or other property of any intermediary or any person associated with the securities market, pending investigation or inquiry or on completion of such investigation or inquiry Correct Answer Incorrect Answer

    Solution

    All functions of SEBI are given in Section 11 of SEBI Act. Option e is wrong as the time period is ninety days under Section 11(4)

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