Economics · Economy
The Securities and Exchange Board of India (SEBI) performs quasi-legislative, quasi-executive, and quasi-judicial functions. Which of the following activities falls under its quasi-judicial function?
- 1Conducting hearings and passing rulings and penalty orders on entities violating the Securities Contracts (Regulation) Act, 1956.✓
- 2Issuing guidelines for corporate governance and listing obligations.
- 3Approving the rules and regulations of stock exchanges and checking for malpractices.
- 4Registering and regulating the working of depositories and custodians of securities.
Correct answer
Conducting hearings and passing rulings and penalty orders on entities violating the Securities Contracts (Regulation) Act, 1956.
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