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of <h1>Central government delegation of Companies Act enforcement powers to authorities, with Parliament laying; SEBI proviso dropped in 2018</h1> The Central Government may, by notification and subject to specified conditions, limitations and restrictions, delegate any of its powers or functions under the Companies Act, 2013, except the power to make rules, to such authority or officer as specified in the notification, thereby enabling exercise of those delegated statutory powers by the identified delegate within the notified limits. Every such delegation notification must be laid before each House of Parliament as soon as practicable after issuance, thereby subjecting the delegation to parliamentary laying requirements. A proviso that mandated delegation to SEBI of enforcement powers under sections 194 and 195 (forward dealing and insider trading) for listed companies and companies proposing to list, including power of an SEBI-authorised officer to file a complaint, was omitted with effect from 09-02-2018.
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