Question

What is the power of SEBI under Securities Contract Act?

Answer 1

1. Power to grant License to the new stock exchange.
2. Power to direct any stock exchange to amend the rules.
3. Power to supersede governing body of any stock exchange.
4. Power to ask for information and accounts of the stock exchange.
5. Power to suspend the business of the stock exchange.
6. Power to prohibit contracts of the stock exchange.