Question

What significant change occurred with the enactment of the SEBI Act regarding the Capital Issues (Control) Act of 1947?

a.

Introduction of new regulatory controls

b.

Abolition of the office of Controller of Capital Issues

c.

Imposition of stricter price controls

d.

Limitation on companies' ability to raise funds

Answer: (b).Abolition of the office of Controller of Capital Issues Explanation:The enactment of the SEBI Act led to the abolition of the office of Controller of Capital Issues.

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Q. What significant change occurred with the enactment of the SEBI Act regarding the Capital Issues (Control) Act of 1947?

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