New Enroll in RBI Gr B 2025 Exclusive New Batch on March 18

    Question

    How many witnesses are required to prepare a written

    report when affixing the summons or notice on the person's premises, as per Regulation 11 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003?
    A One witness Correct Answer Incorrect Answer
    B Three witnesses Correct Answer Incorrect Answer
    C Two witnesses Correct Answer Incorrect Answer
    D Witnesses are not required for this action Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    As per Reg 11- (2)In case of failure to serve a summons or notice through any one of the modes provided under sub-regulation(1), the summons or notice may be affixed on the outer door or some other conspicuous part of the premises in which the person resides or is known to have last resided, or carried on business or personally works, or last worked, for gain and a written report thereof shall be prepared in the presence of two witnesses.

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