1

Suppose SEBI has constituted its board as per requirements of section 4 of SEBI Act, 1992 with 3 whole time members under Section 4(1)(d) of the SEBI Act, 1992, but one of them resigned and to refill his post, it took 1 month. Examine acts done in in vacancy period, as per SEBI Act 1992

  • A

    All acts become void ab-initio as per section 8 of the SEBI Act, 199

  • B

    Only financial acts are void ab initio as per section 8 of the SEBI Act, 199

  • C

    All acts are valid as per section 8 of the SEBI Act, 199

  • D

    All acts should be rectified after composition of proper board as per section 8 of the SEBI Act, 199