On which of the following Act did the Centre propose an amendment to transfer surplus money to the Consolidated Fund of India (CFI)?

  • 1Securites Act, 1947
  • 2SEBI Act, 1978
  • 3SEBI Act, 1992
  • 4SEBI Act, 1956
Answer:- 3
Explanation:-

Securities and Exchange Board of India (SEBI), the capital markets regulator, has opposed the Centre's proposal to transfer surplus money to the Consolidated Fund of India (CFI). The government has also proposed an amendment to the SEBI Act, 1992. The amendment proposed that the surplus of the general fund, after factoring in all the SEBI expenses and the transfer to the reserve fund, needs to be transferred to the CFI as per amendments proposed in the Finance Bill, 2019.

Post your Comments

Your comments will be displayed only after manual approval.

Test
Classes
E-Book