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    Question

    It shall be open to SEBI to inspect at all reasonable times books of accounts and other documents to be maintained by the Stock Exchanges for periods

    A Not less than five years Correct Answer Incorrect Answer
    B Not exceeding five years Correct Answer Incorrect Answer
    C Not less than seven years Correct Answer Incorrect Answer
    D Not exceeding seven years Correct Answer Incorrect Answer

    Solution

    Every recognized stock exchange and every member thereof shall maintain and preserve for such periods not exceeding five years such books of account, and other documents as the Central Government, after consultation with the stock exchange concerned, may prescribe in the interest of the trade or in the public interest, and such books of account, and other documents shall be subject to inspection at all reasonable times by the SEBI.

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