Which of the following is/are the objective(s) behind the enactment of the Securities and Exchange…
The Preamble to the Securities and Exchange Board of India Act, 1992 (echoed in Section 11(1)) states that it is an Act to provide for the establishment of a Board to…
Choose your answer
Which of the following is/are the objective(s) behind the enactment of the Securities and Exchange Board of India Act, 1992?
(A). To protect the interest of investors in securities
(B). To promote the development of securities market
(C). To ensure that the Indian securities market works at par with markets of other developed nations
(D). To regulate the securities market
Answer and explanation
Correct answer B
The Preamble to the Securities and Exchange Board of India Act, 1992 (echoed in Section 11(1)) states that it is an Act to provide for the establishment of a Board to protect the interests of investors in securities, to promote the development of the securities market and to regulate the securities market, so the objectives are "(A), (B) and (D) only.". Bringing the Indian market at par with developed nations' markets, statement (C), is not a stated statutory objective.
Practice for these exams
-
CUET PG Law (LL.M.)