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          <h1>Securities Laws (Amendment) Act, 2014 modifies SEBI Act, 1992: Changes to Sections 30, 11(5), 11AA(2A), and 15JB.</h1> Amendments to the Securities and Exchange Board of India Act, 1992, introduced by the Securities Laws (Amendment) Act, 2014, modify section 30. The changes include new clauses after clause (c), addressing the utilization of funds under section 11(5) and conditions for collective investment schemes under section 11AA(2A). Additional clauses after clause (d) pertain to the terms and procedures for settlement proceedings under section 15JB, and allow for regulations to specify or provide for other necessary matters.

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