New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    SEBI can delegate its powers to

    ……?
    A any member of the Board Correct Answer Incorrect Answer
    B any officer of the Board Correct Answer Incorrect Answer
    C any member or any officer of the Board or any person subject to such conditions as may be specified in the order Correct Answer Incorrect Answer
    D Cannot further delegate its powers Correct Answer Incorrect Answer
    E any person subject to such conditions as may be specified in the order Correct Answer Incorrect Answer

    Solution

    Section 19 of SEBI Act Delegation—The Board may, by general or special order in writing delegate to any member, officer of the Board or any other person subject to such conditions, if any, as may be specified in the order, such of its powers and functions under this Act (except the powers under section 29) as it may deem necessary.

    Practice Next