Which one of the following statements is correct ?
1
SEBI has been constituted under the Securities (Contract and Regulation) Act, 1956.
2
SEBI is constituted from amongst the directors of various stock exchanges.
3
The purpose of issuing different types of rules and regulations by SEBI is to bring monetary gains to investors.
4
One of the objectives of setting up SEBI is to protect the interests of investors.
5
The control of flow of money in the economy is in the hands of SEBI