Delegation of powers to SEBI. - Companies Law - Circular : No. 13 of 1993,

Circular : No. 13 of 1993, dated 2-12-1993. Subject:- Delegation of powers to SEBI - Authorisation under sections 56(3), 59(1), 63, 68, 73(2)/(2B), 113(2) and 207 of the Companies Act, 1956, to an officer of SEBI under section 621 of the Companies Act, 1956 I am directed to enclose herewith a copy of Notification GSR No. 716(E), dated November 24,1993 (see, above) whereby the Central Government has authorised Shri Pratip Kar, an officer of SEBI to file complaints under the aforesaid provisions of the Act and to say that SEBI has separately been requested to furnish details of the complaints filed to the concerned Registrars of Companies and this Deptt. Since SEBI will be exercising powers in respect of offences under these sections concurrently, it may be ensured by ROCs that there is no duplication of action in case of similar complaints. 2. SEBI has also been requested to forward the application made for compounding the offence under section 621A of the Act to the concerned Registrar and on receipt of such application, appropriate action under the extent provisions of law be taken by concerned Registrars.