Why is SEBI known as a quasi-legislative organization?

Why is SEBI known as a quasi-legislative organization?
1). SEBI can take any investor to the court of law over any violation of its codes. 
2). SEBI is responsible for all kinds of securities related disputes resolution in the country. 
3). SEBI can draft regulations regarding the capital market of the country. 
4). SEBI can give judgments regarding any dispute arising out of the securities issuance in the capital market. 

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Other Questions

1. NBFCs is a company registered under the companies act in which year?

2. ________ of the Securities Contract (Regulation) Act 1956 defines the securities as applicable in the capital market of India. 

3. Which of the following is a preliminary registration document that needs to be filed with SEBI?

4. Which of the following headed a SEBI panel for fair market conduct?

5. Which among the following is an organization that holds securities in the dematerialized form?

6. ISIN is a number that is allotted to each and every security in the capital market. ISIN stands for ________. 

7. Under whose recommendation was the National Stock Exchanges Set up?

8. Which among the following is a service offered by the depositories in India? I. Maintenance of the record of securities held in the electronic form  II. Settlement of trades by delivery or receipt of securities from / in the beneficiary owner account  III. Pledging of dematerialized shares and facilitating loans against such securities 

9. In which year was the National Stock Exchange (NSE) established?

10. Primary market is a place for raising _________ term _________ capital. Fill in the blanks from the following options.