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Definition of securities laws clarifies coverage and key terms for SEBI settlement and specified proceedings. Regulation 2 defines key terms for the SEBI settlement framework: securities laws to include the SEBI Act, the Securities Contracts (Regulation) Act and the Depositories Act with their rules; and terms such as alleged default, Board, panel of whole time members, specified proceedings, specified (as set by the Board) and Tribunal; it also provides that undefined terms take their meanings from the Act, the Companies Act, the Securities Contracts (Regulation) Act or the Depositories Act and their amendments.
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Definition of securities laws clarifies coverage and key terms for SEBI settlement and specified proceedings.
Regulation 2 defines key terms for the SEBI settlement framework: securities laws to include the SEBI Act, the Securities Contracts (Regulation) Act and the Depositories Act with their rules; and terms such as alleged default, Board, panel of whole time members, specified proceedings, specified (as set by the Board) and Tribunal; it also provides that undefined terms take their meanings from the Act, the Companies Act, the Securities Contracts (Regulation) Act or the Depositories Act and their amendments.
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