The Central Government has powers to supersede the SEBI if it...

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The Central Government has powers to supersede the SEBI, if it is of the opinion that

A. the members of the SEBI make an application to the Central Government to do so

B. the SEBI is unable to discharge its functions and duties imposed on it under the provisions of the SEBI Act, 1992 or it is necessary to do so in the public interest

C. the SEBI on its own makes an application to the Central Government to do so

D. the SEBI does not have the required number of members for performing the functions entrusted to it

Answer: Option B

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