Regulators

Regulators

The Reserve Bank of India (RBI), SEBI, Department of Company Affairs (DCA), and the Department of Economic Affairs (DEA) shares the responsibility for regulating the securities market.

more.....

Coordination of the activities of these agencies is done by a High-Level Committee on Capital Markets. All the orders issued by SEBI under the laws can be appealed before a Securities Appellate Tribunal. Almost all powers under the SCRA can be exercised by DEA and some by SEBI. The powers of the DEA under the SCRA can also be exercised by SEBI.

In the case of the contracts for purchase and sale of securities, money market securities, gold-related securities, derivatives of these securities, and forward contracts in debt instruments, the powers can also be exercised by RBI.

The Depositories Act and the SEBI Act are administered by SEBI. All rules under the securities laws are framed by the government and regulated and administered by SEBI.

Concerning powers under the Companies Act on the issue and transfer of securities and default in payment of dividends., they come under the administration of SEBI in case of listed public companies, and those public companies that propose to get their securities listed.

SROs ensure compliance with their own rules as well and the rules relevant for them under the securities laws.