Delegation of enforcement powers to securities regulator enables filing of corporate offences complaints, ensuring coordination with company registrars. Central Government authorized an officer of the securities regulator to file complaints under specified provisions of the Companies Act, 1956 and required the regulator to furnish complaint details to the concerned Registrars of Companies and the Ministry to avoid duplication of action. The regulator must forward any applications for compounding of offences to the relevant Registrars, who will take appropriate action under extant law, and the notification reiterates earlier delegated complaint filing powers in respect of additional company law provisions.
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Provisions expressly mentioned in the judgment/order text.
Delegation of enforcement powers to securities regulator enables filing of corporate offences complaints, ensuring coordination with company registrars.
Central Government authorized an officer of the securities regulator to file complaints under specified provisions of the Companies Act, 1956 and required the regulator to furnish complaint details to the concerned Registrars of Companies and the Ministry to avoid duplication of action. The regulator must forward any applications for compounding of offences to the relevant Registrars, who will take appropriate action under extant law, and the notification reiterates earlier delegated complaint filing powers in respect of additional company law provisions.
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