Friday, September 6, 2013

New Companies Bill & SEBI Ordinance: Hope,Hype & Horror

The new Companies Bill and the Ordinance to amend the SEBI Act will create a monumental combined impact. 

Some 50 years after independent India enacted the Companies Act, a new Bill is ready to deliver a new and modern statute. Separately, exactly 25 years after India got its first securities regulation, major changes have been brought about in the Securities & Exchange Board of India Act (SEBI), through a Ordinance, empowering it with enormous additional powers.

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