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12th Class Business Studies Financial Market / वित्तीय बाजार Question Bank Financial Marketing (Long)

  • question_answer
    ABC Ltd. issued prospectus for the subscription of its shares for ` 500 crores in 2008. The issue was oversubscribed by 20 times. The company issued shares to all the applicants on pro - rata basis. Later SEBI inspected the prospectus and found some misleading statement about the management of the company in it. SEBI imposed a penalty of ` 5 crores and banned its three executive directors for dealing in securities market for three years. Identify the function and its type performed by SEBI in the above case.                                                      [CBSE Sample Paper, 2017]

    Answer:



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