Tuesday, April 1, 2014

Securities Laws (Amendment) Ordinance Re-promulgated

Last year, the Securities Laws (Amendment) Ordinance was promulgated (twice in sequence) to grant SEBI additional powers of enforcement on various matters and to expand its regime to regulate Ponzi schemes. After the second Ordinance lapsed, there was concern that the situation would result in disruption of SEBI’s enforcement process. After some dithering, the Securities Laws (Amendment) Ordinance, 2014 has been notified with effect from March 28, 2014, whereby the additional powers of SEBI will continue to be effective. A copy of this Ordinance is available here.

It appears that the current version has some changes from its predecessors including some significant ones as analysed by Mobis Phillipose.

1 comment:

Esha Goel and Aonkan Ghosh said...

Hello Sir

We have given a brief overview of the Ordinance. We would love to have your opinion on our analysis.