Sebi as regularoty act

Provided that in addition to the above, the listed entity may also submit the financial results, as per the International Financial Reporting Standards notified by the International Accounting Standards Board. Provided that while placing the financial results before the board of directors, the chief executive officer and chief financial officer of the listed entity shall certify that the financial results do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading. Provided that this option shall also be applicable to listed entity that is required to prepare consolidated financial results for the first time at the end of a financial year in respect of the quarter during the financial year in which the listed entity first acquires the subsidiary.

Sebi as regularoty act

Sebi as a Regulatory Body By: Paradoxically this is a positive outcome of the Securities Scam of The basic objectives of the Board were identified as: Since its inception SEBI has been working targeting the securities and is attending to the fulfillment of its objectives with commendable zeal and dexterity.

The improvements in the securities markets like capitalization requirements, margining, establishment of clearing corporations etc. SEBI has introduced the comprehensive regulatory measures, prescribed registration norms, the eligibility criteria, the code of obligations and the code of conduct for different intermediaries like, bankers to issue, merchant bankers, brokers and sub-brokers, registrars, portfolio managers, credit rating agencies, underwriters and others.

It has framed bye-laws, risk identification and risk management systems for Clearing houses of stock exchanges, surveillance system etc.

Two broad approaches of SEBI is to integrate the securities market at the national level, and also to diversify the trading products, so that there is an increase in number of traders including banks, financial institutions, insurance companies, mutual funds, primary dealers etc.

The Board of SEBI in its meeting held on May 11, accepted the recommendations of the committee and approved the phased introduction of derivatives trading in India beginning with Stock Index Futures. The report was submitted in November The necessary amendment was then carried out by the Government in The Securities Laws Amendment Bill, was introduced.

In December the new framework was approved. Derivatives have been accorded the status of 'Securities'. The ban imposed on trading in derivatives in under a notification issued by the Central Government was revoked. With effect from such date as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Act, a Board by the name of the Securities and Exchange Board of India.

The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall, by the said name, sue or be sued.An introduction to SEBI and its role.

Sebi as regularoty act

SEBI stands for the Securities and Exchange Board of India, and is the body responsible for the Forex trading industry. It was established in following the passing of the SEBI Act, and is the main regulator for stock exchanges in India.

SEBI also has a number of other roles, including the following. FUNCTIONS OF SEBI Section 11 of the SEBI Act, classifies the functions of SEBI under 2 heads:1) Regulatory Functions 2) Developmental Functions.

Department of Commerce, Mar Ivanios College 6 7. 1. REGULATORY FUNCTIONS i.

SEBI (Depository and Participants) Regulation Act | Features and Regulations

Regulation of stock exchanges and self regulatory organizations. ii. SEBI (Substantial Acquisition of Shares and Takeover) Regulations Act, On the basis of recommendations of the Committee, the SEBI announced on Febuary20, , the revised take over code as Securities and Exchange Board of India (Substantial Acquisitions of shares and Takeovers) Regulations, “securities” has not been defined under the SEBI Act.

Therefore, one has to borrow the definition from the Securities (Contracts) Regulation Act, (“SCRA”), because that is the definition of “securities” adopted under the SEBI Act.

Sebi as regularoty act

[5]. Contracts (Regulation) Act, (42 of ) 4[or the Depositories Act, ], shall have the meanings respectively assigned to them in that Act]. CHAPTER II ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA Establishment and incorporation of Board.

3. However, in , the SEBI was given additional statutory power by the Government of India through an amendment to the Securities and Exchange Board of India Act, In April the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India.

SEBI (Substantial Acquisition of Shares and Takeover) Regulations Act,