General Knowledge · Financial Market Regulations
Sections 30 and 31 of the Securities Contracts (Regulation) Act, 1956 empower:
- 1SEBI only to levy monetary penalties
- 2The Central Government to make rules and SEBI to make regulations to carry out the Act's objectives✓
- 3Investors to file direct class action appeals in high courts
- 4Recognized stock exchanges to formulate separate criminal bye-laws
Correct answer
The Central Government to make rules and SEBI to make regulations to carry out the Act's objectives
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