Which of the following is NOT a function given to SEBI by section 11 of the Securities and Exchange Board of India Act, 1992?
Question and options
Which of the following is NOT a function given to SEBI by section 11 of the Securities and Exchange Board of India Act, 1992?
Prohibiting insider trading in securities
Registering and regulating stock brokers
Registering and regulating collective investment schemes
Registering and regulating non-banking financial companies
Answer and explanation
Correct answer: D - Registering and regulating non-banking financial companies
Section 11(2) of the SEBI Act, 1992 lists among SEBI's measures registering and regulating stock brokers and other intermediaries, registering and regulating collective investment schemes, and prohibiting insider trading in securities. Non-banking financial companies are registered and regulated by the Reserve Bank of India under Chapter III-B of the Reserve Bank of India Act, 1934, not by SEBI under section 11.
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