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of <h1>SEBI 2018 Regulations Set Framework for Appointing Administrators and Managing Investor Refunds Under SEBI Act and Related Laws.</h1> The Securities and Exchange Board of India (SEBI) issued the 2018 regulations governing the appointment of administrators and the procedure for refunding to investors. These regulations, effective from their notification date in the Official Gazette, are enacted under the authority of the SEBI Act, 1992, the Securities Contracts (Regulations) Act, 1956, and the Depositories Act, 1996. The purpose is to establish a framework for appointing administrators to manage and execute the refund process to investors, ensuring compliance with the statutory provisions outlined in these acts.
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