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Question
Controller of Capital Issues was replaced by which of the following Regulatory authority?
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Solution
The correct option is C SEBI
As we know that, Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market. It became an autonomous body on 30 January 1992. Controller of capital issues was the regulatory authority before SEBI came into existence. It derived authority from the capital issues (control) Act, 1947.
∴ Option D is correct answer.
As we know that,
Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.
It became an autonomous body on 30 January 1992. Controller of capital issues was the regulatory authority before SEBI came into existence. It derived authority from the capital issues (control) Act, 1947.
∴ Option D is correct answer.
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