Who regulates the Mutual funds?

Q.  Who regulates the Mutual Funds in India?
- Published on 13 Feb 17

a. FRBI
b. SEBI
c. SIDBI
d. RBI

ANSWER: SEBI
 
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.

Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

Organization structure of SEBI
  • The chairman who is nominated by Union Government of India.
  • Two members, i.e., Officers from Union Finance Ministry.
  • One member from the Reserve Bank of India.
  • The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.
SEBI - The Securities and Exchange Board of India

Founded - 12 April, 1992
Headquarters - Mumbai, Maharashtra
Current Head - U. K. Sinha (Chairman)

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