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of <h1>Securities and Exchange Board of India Act amended: New rules for capital expenditure, Reserve Fund, and penalties under Section 14.</h1> The amendments to the Securities and Exchange Board of India Act, 1992, include changes to section 14, introducing a clause for capital expenditure approved by the Board and the Central Government. A Reserve Fund is to be established, with 25% of the annual surplus credited to it, capped at the total of the previous two years' expenditures. Remaining surplus funds will be transferred to the Consolidated Fund of India. Other amendments propose penalties for failure to address investor grievances, issue contract notes correctly, and for tampering with information or documents, including electronic records, to obstruct investigations.
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