Which committee was appointed by SEBI to advise on the development of the appropriate regulatory framework for derivatives trading in India in the year 1996?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. L.C. Gupta Committee.
- L C Gupta, former Member, SEBI, to recommend an appropriate regulatory framework for the introduction of derivatives trading in India.
- The committee was formed in November 1996 on the introduction of derivates trading in India.
- It permitted exiting stock exchanges having cash trading to trade in derivative contracts through a separate segment with separate membership.