Delegation of executive powers: central government may authorize a regulator or central bank to exercise specified statutory powers under conditions. Section 29A permits the Central Government, by order published in the Official Gazette, to direct that its powers under the Act (except the power under section 30) shall, in relation to specified matters and subject to any conditions set out in the order, be exercisable also by a securities regulator or the central banking authority.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delegation of executive powers: central government may authorize a regulator or central bank to exercise specified statutory powers under conditions.
Section 29A permits the Central Government, by order published in the Official Gazette, to direct that its powers under the Act (except the power under section 30) shall, in relation to specified matters and subject to any conditions set out in the order, be exercisable also by a securities regulator or the central banking authority.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.