in the last last held security law question paper there was a question;
mutual fund is regulated by ------------
i wrote 'securities and exchange board of india' instead of 'sebi mutual fund(regulations)2009'
can i get mark for that?
regards.
jinesh (student) (409 Points)
27 June 2013in the last last held security law question paper there was a question;
mutual fund is regulated by ------------
i wrote 'securities and exchange board of india' instead of 'sebi mutual fund(regulations)2009'
can i get mark for that?
regards.
CA AKSHAY GARG
(ASSISTANT MANAGER)
(362 Points)
Replied 27 June 2013
U R right............ u will definately get marks
Sathish M
(Management Accountant)
(40581 Points)
Replied 27 June 2013
The Securities and Exchange Board of India (SEBI) is the regulator for Mutual Funds in India. Your answer is correct.
The SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2009, is not the Regulator. It is a regulation that controls certain procedures and contains a set of rules that have legal connotations.
The following are five major financial regulatory bodies in India:-
(A) Statutory Bodies via parliamentary enactments:
Securities and Exchange Board of India
Insurance Regulatory and Development Authority
(B) Part of the Ministries of the Government of India :
Forward Market Commission India (FMC)
PFRDA under the Finance Ministry
Rajat Poddar
(Qualified CS and CA Finalist)
(3355 Points)
Replied 28 June 2013
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
