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Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
Abhiraj Ltd., an Indian company, started functioning in 1999 and was registered under the Companies Act, 1956. The Securities and Exchange Board of India performed one of its functions and conducted investigations against Abhiraj Ltd. The investigations resulted into the fact that the company did not follow the proper procedure. Therefore the Securities and Exchange Board of India imposed penalty upon the company.
  1. Identify the function being performed by the Securities and Exchange Board of India (SEBI).
  2. Can Abhiraj Ltd. appeal against SEBI’s decision? If yes, where?
✓

Answer

  1. Quasi Judicial and Quasi Executive.
  2. Yes, Abhiraj Ltd. can appeal against SEBI’s decision to Securities Appellate Tribunal.

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