The government will introduce in Parliament on Monday a Bill to amend the Securities and Exchange Board of India (Sebi) Act, which would give more powers to the capital markets 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 the reasons for immediate legislation (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.
Source : Financial Express
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