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to operate. The
Securities Law (Amendment) Ordinance was promulgated on 17 July 2013, then for a second time in September 2013. It lapsed on 15 January 2014. The bill couldn't be presented in the winter session of Parliament as the standing committee on finance had not finalized the report. It
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25 crore or three times the profit, whichever was higher. SEBI was given the authority to initiate recovery and sale of assets. SEBI has also been given the power to enhance a penalty or settle an ongoing legal proceeding. Guidelines for special courts were also included in the bill.
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The ordinance passed in March 2014 had 30 clauses, whereas the bill contained 57 clauses. The bill amended three pre-existing market related laws. It retained the powers given to SEBI in the ordinance, but also introduced safeguards against misuse.
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The new law gave SEBI the power to search and obtain information, including call records, about any suspected entity from within or outside the firm. However, before conducting such searches SEBI must obtain a warrant from a
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An Act further to amend the
Securities and Exchange Board of India Act, 1992, the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996
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on 4 August 2014. She also introduced bills to amend
Securities Contracts (Regulation) Act, 1956 and
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Securities and
Exchange Board of India (Alternative Investment Funds) Regulations, 2012
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146:(SEBI) with new powers to effectively pursue fraudulent investment schemes, especially
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150:. The bill also provides guidelines for the formation of special fast trial courts.
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Depending on the nature of the crime, minimum penalties may range from
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10 lakh. The minimum penalty for securities related crimes was set at
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515:"Lok Sabha passes Bill to give teeth to Sebi to tackle ponzi menace"
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454:"Cabinet clears bill to empower Sebi to deal with ponzi schemes"
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395:"Cabinet likely to consider proposal for Sebi ordinance today"
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court. Any unregistered scheme with a capital of more than a
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302:"Ponzi menace: Lok Sabha clears bill, Sebi gets more teeth"
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487:"New Sebi bill tweaks provisions for penalties, seizures"
426:"Power to Sebi: Ordinance promulgated for third time"
174:(CCEA) approved the bill. The bill was introduced by
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367:"Presidential ordinance grants Sebi more powers"
167:promulgated for a third time on 28 March 2014.
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144:Securities and Exchange Board of India
32:Securities Laws (Amendment) Bill, 2014
18:Securities Laws (Amendment) Bill, 2014
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347:. Press Trust of India. 4 August 2014
172:Cabinet Committee on Economic Affairs
132:Securities Laws (Amendment) Act, 2014
559:Acts of the Parliament of India 2014
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253:10 lakh. The maximum penalty for
245:1 lakh. The minimum penalty for
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310:. 7 August 2014. Archived from
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160:Saradha Group financial scandal
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564:2014 in Indian economy
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134:is a legislation in
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138:which provided the
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47:Parliament of India
520:The Economic Times
492:The Economic Times
459:The Indian Express
431:The Indian Express
403:. 28 February 2014
400:The Indian Express
180:Nirmala Sitharaman
85:Territorial extent
79:Act No. 27 of 2014
176:Minister of State
170:On 24 July 2014,
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16:(Redirected from
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158:After the
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58:Long title
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114:Commenced
88:Whole of
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266:See also
125:In force
75:Citation
249:was at
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182:in the
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212:Mumbai
220:crore
136:India
90:India
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