Question

When did SEBI become a statutory body, and under which Act?

Options

• In April 1988 without an Act

• In 1992 under the SEBI Act, 1992

• In April 1988 under the SEBI Act, 1992

• In 1992 without an Act

Answer 1

SEBI became a statutory body in 1992 under the SEBI Act, 1992. It had previously operated as an administrative body.