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Which legislation governs the primary market in India?
  • a)
    The SEBI Act, 1992.
  • b)
    The Companies Act, 1956.
  • c)
    The Securities Contracts Regulation Act, 1956.
  • d)
    The Depositories Act, 1996.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which legislation governs the primary market in India?a)The SEBI Act, ...
The primary market in India is primarily governed by the Companies Act, 1956. This legislation regulates various aspects of issuing, allotting, and transferring securities, as well as disclosures related to public issues.
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Which legislation governs the primary market in India?a)The SEBI Act, 1992.b)The Companies Act, 1956.c)The Securities Contracts Regulation Act, 1956.d)The Depositories Act, 1996.Correct answer is option 'B'. Can you explain this answer?
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