Which of the following statement is correct about SEBI?

SEBI is a statutory Body. SEBI is a non statutory body. The head quarters of SEBI is in Delhi. SEBI was constituted as the regulator of capital markets in India under a resolution of parliament.

SEBI is a statutory Body.

Initially SEBI was a non–statutory body without any statutory power. However in the year of 1995, SEBI was given additional statutory powers by the Government of India through an amendment to the Securities and Exchange Board of India Act, 1992. In April, 1998 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India. SEBI has it's Headquarter at the business district of Bandra Kurla Complex in Mumbai