Securities and Exchange Board of India Act, 1992
Act of the Parliament of India / From Wikipedia, the free encyclopedia
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The Securities and Exchange Board of India Act, 1992 is an act that was enacted for regulation and development of securities market in India. It was amended in the years 1995, 1999, and 2002 to meet the requirements of changing needs of the securities market. it is the regulatory body for the securities market in India, tasked with protecting the interests of investors and promoting the development of, and regulating, the securities market.[1]
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The Securities and Exchange Board of India Act, 1992 | |
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Parliament of India | |
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Citation | Act No. 15 of 1992 |
Enacted by | Parliament of India |
Enacted | 4 April 1992 |
Commenced | 30 January 1992 |
Status: In force |
It was the 15th Act of 1992. The Act provides for the establishment of Securities and Exchange Board of India following the Harshad Mehta scam.
The Act contains 10 Chapters and 91 Sections.[2]