Question
Which of the following statements is/are correct
regarding Securities and Exchange Board of India (SEBI)? 1)SEBI is the regulatory body for capital markets in India. 2)It was first established as a non statutory body. 3)SEBI was converted to a statutory body in 1992.Solution
Statement 1 is correct as SEBI is the regulatory body for capital markets in India. Statement 2 is also correct as SEBI was established in 1992 by the Government of India as a statutory body to regulate and develop the securities market in the country. Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.
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