Regulation of securities issuance and transfer: SEBI empowered to regulate listed issuers and dividend non-payment consequences. Regulation of issue and transfer of securities and non-payment of dividends for listed companies or companies seeking listing is assigned to the Securities and Exchange Board, while other companies remain subject to Central Government administration; other prospectus, allotment and redemption matters are reserved to the Central Government, the Tribunal or the Registrar. SEBI is authorized to exercise specified enforcement and regulatory powers under the Securities and Exchange Board Act to implement the delegated functions.
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Provisions expressly mentioned in the judgment/order text.
Regulation of securities issuance and transfer: SEBI empowered to regulate listed issuers and dividend non-payment consequences.
Regulation of issue and transfer of securities and non-payment of dividends for listed companies or companies seeking listing is assigned to the Securities and Exchange Board, while other companies remain subject to Central Government administration; other prospectus, allotment and redemption matters are reserved to the Central Government, the Tribunal or the Registrar. SEBI is authorized to exercise specified enforcement and regulatory powers under the Securities and Exchange Board Act to implement the delegated functions.
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