Practicing Success
Practicing Success
CUET Preparation Today
Which of the following is NOT a regulatory function of SEBI ? |
Registration of Brokers and sub-brokers Registration of collective investment scheme of mutual funds Levying fee or other charges for carrying out the purpose of the Act Training of intermediaries of securities market |
Training of intermediaries of securities market |
The correct answer is option (4) : Training of intermediaries of securities market (i) SEBI has framed rules and regulations and a code of conduct to regulate the intermediaries such as merchant bankers, brokers, underwriters, etc. (ii) These intermediaries have been brought under the regulatory purview and private placement has been made more restrictive. (iii) SEBI registers and regulates the working of stock brokers, sub-brokers, share transfer agents, trustees, merchant bankers and all those who are associated with stock exchange in any manner. (iv) SEBI registers and regulates the working of mutual funds etc. (v) SEBI regulates takeover of the companies. |
