Answer:
SEBI will exercise control over 'R' limited by
(i) Prohibiting fraudulent and unfair trade practices in the securities; market unfair trade practices include price rigging, making misleading statements.
(ii) Prohibiting insider trading i.e., restricts the persons having access to price sensitive information about the company to take undue advantage of it.
(iii) Examing that adequate disclosure about the terms and conditions of redemption, security conversion and other relevant features of the new instrument at the time of issue is made so that an investor can make reasonable determination of risks, returns, safety and liquidity of the instrument.
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