Finance · Financial Markets
SEBI may issue directions under Section 11B (and corresponding provisions under Section 19 of the Depositories Act) when it is satisfied that it is necessary:
- 1Specifically to regulate and tax mutual fund transactions
- 2To facilitate smoother corporate restructuring and mergers
- 3In the interest of investors or for the orderly development of securities markets✓
- 4For improving state and national tax revenue collection
Correct answer
In the interest of investors or for the orderly development of securities markets
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