As a Part of the Capital Adequacy Requirement, the Base

question 2

Multiple Choice

As a part of the capital adequacy requirement, the base minimum capital prescribed by SEBI:

• A)varies from exchange to exchange.
• B)is based on the recommendations of the Kaul committee.
• C)is based on the recommendations of the Justice Bhagwati Committee.
• D)is the same across members of all exchanges.

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Definitions:

Equitable Principle

Legal maxims or foundational principles aimed at achieving fairness in judicial decisions.

State Constitution

The fundamental governing document of a U.S. state, outlining the structure, functions, and powers of state government and securing rights to its citizens.

Sociological Jurisprudence

A philosophical approach to law that focuses on the social effects of legal institutions, doctrines, and practices, by examining how the law influences society and how social phenomena impact the law.

Natural Law

a philosophy proposing that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.