Multiple choice

Prior approval from which of the following is compulsory before going ahead with raising funds from public?

  1. Board of directors

  2. Underwriters

  3. Stock exchange

  4. SEBI

  5. Registrar of Companies

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Securities and Exchange Board of India or SEBI is the regulator for the securities market in India to protect the interest of investors. Prior approval from SEBI is compulsory before going ahead with raising funds from public.