Current Affairs · SEBI Act
Under the SEBI Act, 1992, the Investigating Authority can keep books, registers, or other records in its custody for a period of:
- 1A maximum of 1 month, extendable up to 6 months by the Board✓
- 210 days only, after which they must be returned immediately
- 3An automatic period of 12 months from the date of seizure
- 4Indefinitely until the final disposal of the case by SEBI
Correct answer
A maximum of 1 month, extendable up to 6 months by the Board
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