...................is the regulatory authority in our country has issued guidelines for the disclosure of information and investor protection.

Securities and Exchange Board of India

The correct answer is option 2- Securities and Exchange Board of India.

SEBI (Securities and Exchange Board of India) which is the regulatory authority in our country has issued guidelines for the disclosure of information and investor protection. A public company inviting funds from the general public must make adequate disclosure of all relevant information and must not conceal any material information from the potential investors. This is necessary for protecting the interest of the investors. Prior approval from SEBI is, therefore, required before going ahead with raising funds from public.