Given below are two statements:
Statement I: Conducting research and publishing information useful to all market participants is a regulatory function of SEBI.
Statement II: Levying fee or other charges for carrying out the purposes of the Act is a regulatory function of SEBI.
In the light of the above statements, choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Statement I is incorrect but Statement II is correct.
Statement I: Conducting research and publishing information useful to all market participants is a regulatory function of SEBI. — Incorrect. Conducting research and publishing information is a development function. It helps the market grow by giving useful information to everyone in it.
Statement II: Levying fee or other charges for carrying out the purposes of the Act is a regulatory function of SEBI. — Correct. Collecting fees and charges to carry out the purposes of the Act is one of SEBI’s regulatory functions.
NCERT (Pre-rationalised Edition): “Regulatory Functions … 4. Regulation of takeover bids by companies. “Development Functions 1. Training of intermediaries of the securities market. |