alleryStart learning →Which SEBI direction on shares bought in violation is listed in Regulation 32?
AFree staff allotment
BDivestment by auction
CConversion into debt
DBonus share issue
Answer & Solution
Correct answer: B. Divestment by auction
Regulation 32(1)(a) lets SEBI direct divestment of shares acquired in violation through auction, the open market or an offer for sale.
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