| Consider the following statements |
| 1. Regulation of the insider trading in the Indian Secondary capital market is under the provision of SEBI. |
| 2. SEBI has been empower to file complaints in the court and to notify is regulation without prior approval of the government |
| Which of the statements given above are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
| [c] For the discharge of its functions efficiently, SEBI has been vested with the following powers: |
| 1. To approve by laws of stock exchanges. |
| 2. To require the stock exchange to amend the bylaws. |
| 3. Inspect the books of accounts and call for periodical returns from recognized stock exchanges. |
| 4. Inspect the books of accounts of a financial intermediaries. |
| 5. Compel certain companies to list their shares in one or more stock exchanges. |
| 6. Registration brokers. |
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