 
<translate> Ajụjụ: Ebe e si nweta ya: Controller of Capital Issues bụ onye na-achịkwa ikike tupu SEBI abịa; ọ nwetara ikike site na Capital Issues (Control) Act, 1947.  Ajụjụ: Dabere n'akụkụ Akwụkwọ Nsọ a, ònye ka ọ dị n'aka ịchịkwa ahịa isi obodo n'ihu SEBI? Ka anyị buru ụzọ mee ka uche anyị dịrị n'ihe anyị na-eme: <eng> 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: 