President gives assents to Securities Laws (Amendment) Bill, - TopicsExpress

President gives assents to Securities Laws (Amendment) Bill, 2014 The union government has notified the Securities Laws (Amendment) Act that would empower market regulator Securities and Exchange Board of India (SEBI) to pass orders for attachment of properties, arrest of defaulters and to access call data records. The Act amends all legislations governing capital markets, would also facilitate setting up of a special SEBI court to fast-track investigation and prosecution process, including by granting approval for search and seizure operations in suspected cases of frauds. The new Act has as many as 57 clauses to amend various sections of the SEBI Act and two other related legislations viz 1) Securities Contracts (Regulation) Act, 1956; and 2) Depositories Act, 1996. Gazetted copy of act can be accessed through following link: egazette.nic.in/WriteReadData/2014/160633.pdf

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