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    Question

    While taking evidence under SEBI (Procedure for Holding

    Inquiries and Imposing Penalties) 1995 the Board or adjudicating officer shall
    A Be bound to observe the provisions of Evidence Act Correct Answer Incorrect Answer
    B Not be bound to observe the provisions of Evidence Act Correct Answer Incorrect Answer
    C Be bound to observe the provisions of Evidence Act and CrPC Correct Answer Incorrect Answer
    D Not be bound to observe the provisions of Evidence Act and CrPC Correct Answer Incorrect Answer
    E Be bound to observe the provisions of Evidence Act but not of CrPC Correct Answer Incorrect Answer

    Solution

    Rule 4 SEBI (Procedure for Holding Inquiries and Imposing Penalties) 1995 The Board or the adjudicating officer shall then give an opportunity to such person to produce such documents or evidence as he may consider relevant to the inquiry and if necessary the hearing may be adjourned to a future date and in taking such evidence the Board or the adjudicating officer shall not be bound to observe the provisions of the Evidence Act, 1872

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