Which of the following is not the function of SEBI?
(a) Registration of brokers and sub-brokers
(b) Undertaking measures to develop financial markets
(c) Prohibition of insider trading
(d) Holding the securities in electronic form
Answers
Answer:
i think
Explanation:
ans is optional (b)
so plz mark me as brainiest
(d) Holding the securities in electronic form is not the function of SEBI.
SEBI:
- The Securities and Exchange Board of India (SEBI) is the regulatory authority for the Indian securities and commodity markets, and it is owned by the Ministry of Finance, Government of India.
- It was founded on April 12, 1988, and granted Statutory Powers on January 30, 1992, under the SEBI Act of 1992.
Functions of SEBI:
A. Protective Functions- SEBI performs this function to protect the interests of investors and financial institutions. Its primary protective functions are to ensure that:
1. Price Fixing.
2. Avoid insider trading.
3. Investors should receive financial education.
4. SEBI regulations.
B. Development Functions- The primary role of development functions is to prepare intermediaries. SEBI also works to bring innovative thinking to the Indian financial market.
C. Regulatory Functions- As part of its regulatory functions, SEBI monitors the operation of financial market intermediaries. The SEBI bye-laws for emissaries and corporations have been implemented.