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

    Question

    SEBI appoints a person to investigate the affairs of an

    intermediary under Section 11C because I.        SEBI has reasonable ground to believe that the transactions in securities are being dealt with in a manner detrimental to the investors   II.        Any intermediary or any person associated with the securities market has violated any of the provisions or directions of the law III. SEBI has reasonable ground to believe that the transactions in securities are being dealt with in a manner detrimental to the securities market
    A Only II Correct Answer Incorrect Answer
    B Both I and II Correct Answer Incorrect Answer
    C Both II and III Correct Answer Incorrect Answer
    D Only I Correct Answer Incorrect Answer
    E All I, II and III Correct Answer Incorrect Answer

    Solution

    Section 11C of SEBI Investigation—(1) Where the Board has reasonable ground to believe that— (a) the transactions in securities are being dealt with in a manner detrimental to the investors or the securities market; or (b) any intermediary or any person associated with the securities market has violated any of the provisions of this Act or the rules or the regulations made or directions issued by the Board thereunder, it may, at any time by order in writing, direct any person (hereafter in this section referred to as the Investigating Authority) specified in the order to investigate the affairs of such intermediary or persons associated with the securities market and to report thereon to the Board

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