Notification under section 29A - Powers exercisable by Central Government delegated to SEBI

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..... Subject:- Notification under section 29A - Powers exercisable by Central Government delegated to SEBI In exercise of powers conferred by section 29A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby directs that the powers exercisable by it under section 3, sub-sections (1), (2), (3) and (4) of section 54, section 5, sub-section (2) of section 7A, s .....

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..... (1), (2), (3) and (4) of section 4 relating to the grant of recognition to Stock Exchanges; ( iii ) Section 5 relating to the withdrawal of recognition of a Stock Exchange; ( iv ) Sub-section (2) of section 7A relating to making or amending Rules or Articles of Association of a Stock Exchange regarding voting rights of members of a Stock Exchange at any meeting; ( v ) Section 13 relati .....

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..... 4(5), 7, 8, 11, 12 and 16 of the Act. 4. With the delegation of these additional powers, it is envisaged that SEBI will exercise most of the powers under the Act. The delegation of these additional powers to SEBI is intended to ensure a more effective protection of the interests of investors and to create an efficient and well-regulated stock market. - Notification Tax Management India - .....

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