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of <h1>Section 34A SEBI Act validates retrospective information exchange with authorities and settlement proceedings from July 2013</h1> Section 34A of the Securities and Exchange Board of India Act, 1992 validates retrospectively all acts performed under the principal Act regarding information exchange with similar authorities in India or abroad and settlement of administrative and civil proceedings. The provision deems such acts valid and effective as if the amendments had been in force at all material times. This validation section was inserted through the Securities Laws (Amendment) Act, 2014, with retrospective effect from July 18, 2013.
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