 "SEBI")
The Finance Bill 2018, in addition to proposing amendments to the direct and indirect tax laws, has proposed amendments to certain other laws, such as the Securities and Exchange Board of India Act, 1992, the Securities Contract Regulation Act, 1956 (SCRA), and the Depositories Act, 1996. Highlights of the proposed amendments are:
Amendments to the SCRA
The government proposes to empower the Securities and Exchange Board of India (Sebi) to levy penalties for matters, such as failure to furnish information, failure to redress investor’s grievances and failure to comply with listing conditions.
Amendments to the SEBI Act
Power to levy penalty: Sebi, alongside giving
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