Multiple choice

The amount of authority enjoyed by a self regulatory organization is defined by

  1. The apex regulatory authority

  2. Company law board

  3. Its own members

  4. RBI
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Self Regulatory Organizations derive their regulatory authority from the apex regulatory authority. In India's capital markets, SEBI is the apex regulator that defines and delegates specific powers to SROs like stock exchanges, establishing the scope and limits of their regulatory authority.

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