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    Question

    Under regulation 8 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, what must a person do when requested by the Investigating Authority?

    A Destroy any potentially incriminating evidence Correct Answer Incorrect Answer
    B Provide false information to mislead the investigation Correct Answer Incorrect Answer
    C Cooperate and produce relevant books, accounts, documents, and records in their custody or control Correct Answer Incorrect Answer
    D Refuse to appear before the Investigating Authority personally Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    As per Reg 8- .(1)It shall be the duty of every person in respect of whom an investigation has been ordered 38[under regulation 5]—(a) to produce to the Investigating Authority or  any person authorized by him such books, accounts and other documents and record in his custody or control and to furnish such statements and information as the Investigating Authority or the person so authorized by him may reasonably require for the purposes of the investigation.

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