Delegation of regulatory powers to SEBI expands its authority to exercise specified stock exchange supervisory functions and investor protection duties. The Central Government, under section 29A of the Securities Contracts (Regulation) Act, 1956, delegates concurrently to SEBI the authority to exercise powers under section 3; section 4(1)-(4); section 5; section 7A(2); section 13; section 18(2); section 22; and section 28(2) of the Act, enabling SEBI to undertake recognition, deregistration, rule making on voting rights, area notifications, spot delivery regulation, hearing listing appeals, and notifications excluding classes of contracts.
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Delegation of regulatory powers to SEBI expands its authority to exercise specified stock exchange supervisory functions and investor protection duties.
The Central Government, under section 29A of the Securities Contracts (Regulation) Act, 1956, delegates concurrently to SEBI the authority to exercise powers under section 3; section 4(1)-(4); section 5; section 7A(2); section 13; section 18(2); section 22; and section 28(2) of the Act, enabling SEBI to undertake recognition, deregistration, rule making on voting rights, area notifications, spot delivery regulation, hearing listing appeals, and notifications excluding classes of contracts.
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