On which one of the following issues can SEBI penalize any company in India?

Q. On which one of the following issues can SEBI penalize any company in India?

1. Violation of Banking Regulation Act

2. Violation of foreign portfolio investment guidelines

3. For violation of Negotiable Instrument Act

A.            Only 1

B.            Only 2

C.            Only 3

D.            All the three

Answer: Only 2