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.

Image from here

L&P Editorial Team

The Law & Practice Blog's editorial team.

Leave a Reply

Your email address will not be published. Required fields are marked *