Govt to introduce Sebi Laws Amendments Bill in Parl on Mon

August 11, 2013 12:05

The government will introduce tomorrow in Parliament the Bill to amend the Securities and Exchange Board of India (Sebi) Act that would give more powers to the capital market regulator Sebi.

Finance Minister P Chidambaram would introduce a "Bill further to amend the Securities and Exchange Board of India Act, 1992, the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996", according to legislative business listed in the Lok Sabha for Monday.

Besides, the Minister would lay in the House an explanatory statement showing reasons for immediate legislation (The Securities Laws Amendment Bill, 2013) by promulgation of the securities laws.

Last month, President Pranab Mukherjee had promulgated an ordinance amending the securities law that would provide more powers to the capital market watchdog.

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