Question

When a commercial bank acts as an agent for purchase and sale of securities on behalf of customers, which of the following regulations must the bank strictly comply with?

• A. Foreign Exchange Management Act (FEMA)
• B. Banking Regulation Act
• C. Securities and Exchange Board of India (SEBI) guidelines
• D. Companies Act

Answer 1

Answer:

C. Securities and Exchange Board of India (SEBI) guidelines

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