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of <h1>SEBI Authorized to Issue Regulations Under Section 31 of Securities Contracts Act, 1956; Subject to Parliamentary Oversight</h1> The Securities and Exchange Board of India (SEBI) is empowered to make regulations under the Securities Contracts (Regulation) Act, 1956, as outlined in Section 31. SEBI can issue regulations via notification in the Official Gazette, provided they align with the Act's provisions. These regulations may address specific areas such as the public holding of equity share capital in recognized stock exchanges, eligibility criteria under section 17A, and terms for settlement proceedings. All regulations must be presented to Parliament and are subject to modification or annulment by both Houses within a specified timeframe.
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