The National Stock Exchange provided compensation worth Rs 52 crore to investors who were defrauded by brokers in FY24, against Rs 129 crore in FY23, Rs 535 crore in FY22 and Rs 552 crore in FY21, official data showed
Indian law firm Saraf and Partners has continued its aggressive expansion from last year with the addition of Abhiraj Arora as a partner in its securities and regulatory practice. Arora joins from Economic Laws Practice, where he was associate partner.
Yearender 2023: The Securities and Exchange Board of India (Sebi) changed its regulatory architecture, made significant changes across asset classes and initiated radical reforms.
India’s Finance Minister Nirmala Sitharaman stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (L) as she leaves her office to present the federal budget in the parliament in New Delhi, India, February 1, 2021. REUTERS/Anushree Fadnavis
In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities, namely the Securities and Exchange Board of India Act, 1992 (SEBI Act), the Depositories Act, 1996 (Depositories Act), Securities Contracts (Regulation) Act, 1956 (SCRA) and Government Securities Act, 2007 (Government Securities Act), to form a single securities markets code.
WHY IS THERE A NEED FOR A CONSOLIDATED CODE?