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of <h1>SEBI's Authority on Securities and Dividends Under Section 55A of the Companies Act, 1956</h1> Section 55A of the Companies Act, 1956, delineates the powers of the Securities and Exchange Board of India (SEBI) concerning the issuance and transfer of securities and non-payment of dividends. SEBI administers these provisions for listed public companies and those intending to list on recognized Indian stock exchanges. In other cases, the Central Government oversees these matters. The Central Government, Tribunal, or Registrar of Companies handle other issues, such as prospectus-related matters and share allotment. This section was inserted by the Companies (Amendment) Act, 2000, with further amendments by the Companies (Second Amendment) Act, 2002.
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