In which year was the Securities Exchange Board of India Act given statutory powers?

In which year was the Securities Exchange Board of India Act given statutory powers?
1). May 12,1994
2). May 12,1996
3). January 30,1992
4). February 12,1997

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Guest · Answer 1 · 2019-08-06 12:09:40

The Securities and Exchange Board of India is the regulator for the securities market in India. It was established in 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992. The act was to provide the establishment of a board to protect the interests of investors in securities and to promote the development of and to regulate the securities market.

In which year was the Securities Exchange Board of India Act given statutory powers?

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