Extension of adjudicatory authority to Securities and Exchange Board of India broadens enforcement jurisdiction under securities contracts regulation. The Finance Act, 2018 inserts the words 'or the Securities and Exchange Board of India' after 'Adjudicating officer' in section 23(1) of the Securities Contracts (Regulation) Act, 1956, thereby adding the regulatory authority as an additional decision-maker empowered to exercise the statutory adjudicatory function under that subsection.
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Extension of adjudicatory authority to Securities and Exchange Board of India broadens enforcement jurisdiction under securities contracts regulation.
The Finance Act, 2018 inserts the words "or the Securities and Exchange Board of India" after "Adjudicating officer" in section 23(1) of the Securities Contracts (Regulation) Act, 1956, thereby adding the regulatory authority as an additional decision-maker empowered to exercise the statutory adjudicatory function under that subsection.
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