Finance Bill, 2018 proposes amendments to Securities laws

Securities and Exchange Board of India Act, 1992; Securities Contracts (Regulation) Act, 1956;  and Depositories Act, 1996 may soon be amended as a result of Finance Bill, 2018.

Some of the proposed amendments to SEBI Act are –

  • Whole Time Member (WTM) and Adjudicating Officer of SEBI, both will be entitled to impose a penalty.
  • Provision of penalty in case of failure of a stock exchange or a clearing corporation to conduct its business in a manner which is not in accordance with the rules and regulations made by SEBI.
  • Provision of penalty on any person who furnishes or files false, incorrect or incomplete information, return, report, books or other documents in the same manner as a person who fails to furnish the required information.

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Saumya Snehal

Saumya Snehal is a 3rd year BBA LLB student at Chanakya National Law University. Always a bibliophile, she loves to read, research and write on anything and everything legal. She has a insatiable appetite for knowledge and explores the same through indulging in various internships so that to constantly grow and become a better version of herself. She especially has an interest in corporate law and social legislations.

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