Excerpts from SEBI Board Meeting
The SEBI Board met in Mumbai today and took the following decisions: 1. The Amendment to Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 The Securities Laws (Amendment) Ordinance, 2013 provides for regulation of pooling of funds under any scheme or arrangement, involving a corpus amount of one hundred crore rupees or… Read More
Tags: Collective investment scheme, Financial Stability Board, Mumbai, National Housing Bank, Search and seizure, SEBI, Securities & Exchange Board of India, Shelf registration
Draft Regulations -SEBI (Procedure for Search and Seizure) Regulations, 2013, for public comments.
Draft Regulations -SEBI (Procedure for Search and Seizure) Regulations, 2013, for public comments. 1. Securities Laws (Amendment) Second Ordinance, 2013 was promulgated on September 16, 2013 conferring explicit powers on the Chairman, SEBI to authorise Investigating Authority or any other officer of SEBI to conduct search and seizure under sub-section (8) of section 11C of… Read More
Tags: Chairman, Exchange Board of India Act, Regulation, Search and seizure, SEBI, SEBI Act, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992
DCI Search and Seizure Operations Reveal Undisclosed Income of Rs. 438 Crore
The Directorate of Criminal Investigation (DCI) was created vide Notification dated 30th May, 2011 and 19th August 2011 to perform functions in respect of criminal matters having any financial implications punishable as an offence under any direct tax law including inter-alia: ¢ Chapter XXII of the Income Tax Act, 1961 (Act 43 of 1961); and… Read More
Tags: DCI, Direct tax, Income tax, India, Lok Sabha, Rupee, Search and seizure, Tax
Ordnance to Amend the Securities Laws – SEBI empowered to Regulate Pooling of Funds
An Ordinance to Amend the Securities Laws Promulgated; SEBI would have now Powers to Regulate any Pooling of Funds Under An Investment Contract Involving A Corpus Of Rs.100 Crore Or More, Attach Assets In Case Of Non-Compliance And Chairman SEBI would have Powers to Authorize The Carrying out of Search and Seizure Operations, As Part… Read More
Tags: Collective investment scheme, Crack Down, Investment, Regulate, Search and seizure, SEBI, Securities & Exchange Board of India, Special Courts
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