Charu is a CA in Prakash Ltd. During the course of meeting with directors, she came to know that as against the previous years, this year the company is going to declare handsome dividend offer. It is observed that when such news becomes public then the share-market jumps up. Considering it, Charu purchased a large number of company's shares before this news reached the public. Name the authority which regulates such behaviour.

SEBI

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NSE

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BSE

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None of the above

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Solution

The correct option is A
SEBI

The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities and Exchange Board of India as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto"

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