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of <h1>Central Government Can Delegate Powers to SEBI or RBI Under Section 29A, Except Section 30, with Conditions.</h1> Section 29A of the Securities Contracts (Regulation) Act, 1956, allows the Central Government to delegate its powers, except those under section 30, to the Securities and Exchange Board of India (SEBI) or the Reserve Bank of India (RBI). This delegation is subject to specific conditions and matters outlined in an official order published in the Gazette. This provision was inserted by the Securities and Exchange Board of India Act, 1992, and later amended by the Securities Laws (Amendment) Act, 1999.
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