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CA Final SEBI Act and Listing Regulations — practice questions

Explore 82 free SEBI Act and Listing Regulations questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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SEBI Act and Listing Regulations questions and exercises with answers

Showing questions 1–30 of 82.

What legal status does section 3(2) of the SEBI Act give the Board?Read the answer and worked solution →Section 3(3) of the SEBI Act fixes the head office of the Board in which city?Read the answer and worked solution →For the SEBI Act, the word securities has the meaning given in which law?Read the answer and worked solution →Under section 4(1)(b), how many Board members come from Finance Ministry officials?Read the answer and worked solution →Under section 4(1)(c), how many Board members are officials of the Reserve Bank?Read the answer and worked solution →Who appoints the Chairman of SEBI under section 4(4)?Read the answer and worked solution →Which trio of qualities must a Chairman have under section 4(5)?Read the answer and worked solution →Minimum notice for the Chairman to relinquish office early under section 5(2) is:Read the answer and worked solution →Which fact forces removal of a member under section 6?Read the answer and worked solution →Before removing a member for abuse of position, section 6 requires what step?Read the answer and worked solution →On a tie at a SEBI Board meeting, section 7(3) gives a second vote to whom?Read the answer and worked solution →A member with a pecuniary interest in a matter must do what under section 7A?Read the answer and worked solution →Which defect does section 8 say will NOT invalidate an act of the Board?Read the answer and worked solution →Which intermediary is named in section 11(2)(b) for registration and regulation?Read the answer and worked solution →Which body does section 11(2)(ba) place under SEBI registration?Read the answer and worked solution →Under section 11(2)(k), SEBI may levy what for carrying out section 11?Read the answer and worked solution →To sign an information-sharing pact with a foreign regulator, SEBI needs approval of:Read the answer and worked solution →Which interim measure can SEBI order under section 11(4)(a)?Read the answer and worked solution →Maximum period for attaching bank accounts under section 11(4)(e) is:Read the answer and worked solution →Before SEBI attaches bank accounts under section 11(4)(e), whose approval is needed?Read the answer and worked solution →Under the second proviso to section 11(4), when must a hearing be offered?Read the answer and worked solution →Section 11A lets SEBI prohibit a company from issuing what?Read the answer and worked solution →Which feature marks a CIS under section 11AA?Read the answer and worked solution →An unregistered pooling scheme with a corpus of what amount is deemed a CIS?Read the answer and worked solution →Before issuing directions under section 11B, what must SEBI first do?Read the answer and worked solution →Section 11B Explanation: disgorgement equals what amount?Read the answer and worked solution →How must SEBI order an investigation under section 11C(1)?Read the answer and worked solution →For how long may an Investigating Authority keep produced records under section 11C(4)?Read the answer and worked solution →Section 11C(6): max jail term for refusing to produce records to investigators?Read the answer and worked solution →Seizure from a listed public company under section 11C(9) needs insider trading or:Read the answer and worked solution →

Worked practice questions

What legal status does section 3(2) of the SEBI Act give the Board?

  1. An unincorporated panel
  2. A registered society
  3. A Finance Ministry wing
  4. A body corporate
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Correct answer: D. A body corporate

Section 3(2) makes the Board a body corporate with perpetual succession and a common seal, able to sue and be sued.

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Section 3(3) of the SEBI Act fixes the head office of the Board in which city?

  1. New Delhi
  2. Kolkata
  3. Chennai
  4. Mumbai
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Correct answer: D. Mumbai

The head office is fixed at Bombay, the city now called Mumbai.

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For the SEBI Act, the word securities has the meaning given in which law?

  1. Companies Act, 2013
  2. Banking Regulation Act
  3. Depositories Act, 1996
  4. Securities Contracts Act
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Correct answer: D. Securities Contracts Act

Section 2(1)(i) borrows the definition of securities from section 2 of the Securities Contracts (Regulation) Act, 1956.

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Corporate Insolvency Resolution Process under the IBCWinding UpAppointment and Qualifications of DirectorsSEBI Takeover and Insider Trading RegulationsForeign Exchange Management Act 1999Meetings of Board and Its PowersMiscellaneous Provisions, Adjudication, Special Courts, NCLT, e-FilingPublic Issue and Capital Raising Rules