Q: Passage: Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

Question: Based on this passage, who is responsible for regulation of capital market before sebi? Let's give stream of consciousness first:
user
The relevant information is: Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947. Therefore, the final answer is Controller of Capital Issues.
assistant