n NISM Certifications
XV NISM Series XV
Medium

Which regulation empowers SEBI to direct an intermediary not to dispose of assets under investigation?

Practice question from NISM XV Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    SEBI Act, 1992

  2. B

    Securities Contracts (Regulation) Act, 1956

  3. C

    SEBI (Intermediaries) Regulations, 2008

  4. SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003

    Correct answer

Why this is the answer

These regulations authorize SEBI to restrain disposal or alienation of assets involved in fraudulent or unfair trade practices.

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